SBF is not guilty, DCG-Gemini-Fiasko escalates, Bitcoin stable at $ 17,000: Crypto review of this week

SBF is not guilty, DCG-Gemini-Fiasko escalates, Bitcoin stable at $ 17,000: Crypto review of this week

The entire market capitalization of the cryptocurrency has increased by around $ 17 billion in the past seven days. Interestingly, the profits mainly came from old coins. This can be seen in the decreasing dominance of Bitcoin - a key figure that is often used to measure the proportion of BTC in relation to the rest of the market.

At the time of writing this article, the BTC dominance is 38.1 % after reaching its peak last week with over 38.4 %. Bitcoin's price rose by a total of 0.9 %, while alto coins such as BNB and ETH rose by over 4 %. Cardano surprised the market participants and rose by around 11 %, while Solana is undoubtedly the best performer among the leading coins with an increase of 37 %.

While there are many reasons for Solana's increase, maybe one of the leaders played the newly created Memecoin called Bonk Inu (bonk). It rose sharply in the past seven days, led to a massive volume and increased the overall activity in the Solana network. Today, however, Bonk has devastating losses.

Speaking of doj: The New York Attorney General Letitia James has filed a lawsuit against the co -founder and former CEO of Celsius Network - Alex Mashinsky. The Supreme Prosecutor claimed that Mashinsky had betrayed investors for digital assets worth billions.

The bad news did not stop here. Genesis-the DCG's own cryptocurrency loan-is reported to report bankruptcy, while DCG himself reduced his wealth management branch.

At more positive news, Bitcoin was 14 years old on January 3, but for that. It remains very interesting to see how the market and the entire industry will develop in the future.

market data

Market capitalization: 848 billion $ | 24h volume: 35b | BTC dominance: 38.1 %

Bitcoin: 16,780 $ (0.9 %) | ETH: 1.251 $ (+4.2 %) | bnb : $ 257 (4.3%)

The crypto headlines this week that you are not allowed to miss

Sam Bankman-Fried does not guilty, the process date. it is official. Sam Bankman-Fried has not guilty in all charges and will fight the allegations against him. The negotiation date is scheduled for early October 2023.

What is Bonk Inu (bonk): The Dogecoin of Solana? This week the popularity of Bonk rose. It claims to be the dog of the Solana network and brings the activity back on its blockchain. The cryptocurrency rose many times over and became one of the hottest stories of the past few days.

Bitcoin becomes 14: Genesis Day and Satoshi's idea of monetary sovereignty. On January 3, the cryptocurrency community celebrated 14 years since the mining of the Bitcoin Genesis block. Interestingly, the message embedded in the code of the block now seems to find more response than ever.

New York AG sues Celsius co-founder Alex Mashinsky for alleged fraud. The Attorney General of New York, Letitia James, has filed a lawsuit against one of the co -founders and former CEO of Celsius Network - Alex Mashinsky. The top prosecutor accuses Mashinsky of cheating investors to have digital assets worth several billion dollars.

Logan Paul Plant to sue Coffeezilla for cryptozoo allegations The famous YouTuber Logan Paul said that he plans to sue Coffeezilla (another popular YouTuber) for allegations of fraud that has raised the latter about an NFT project launched by Paul.

crypto loan genesis strokes personnel and consider bankruptcy: wsj. The cryptocurrency credit company Genesis plans to register bankruptcy and reduce personnel. The company has had serious liquidity problems for several months.

diagrams

This week we have a chart analysis from Ethereum, Ripplecardano, Litecoin and Solana - click here for full price analysis.

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