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Dgenz Crypto Weekly 025
Your go-to newsletter for crypto market updates, trends and analysis brought to you by DgenzNFT.
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This week in crypto, Canada is making history with the world’s first spot Solana ETFs, complete with staking capabilities, and set to go live today. Approved by the OSC, issuers like Purpose, Evolve, CI, and 3iQ will spearhead the launch, signalling rising institutional demand for regulated Solana exposure. Meanwhile, Hong Kong and Australian markets have also introduced regulated spot crypto ETFs, reflecting a broader push among institutional investors for compliant digital asset exposure. Over in South Korea, regulators have begun cracking down on unregistered foreign exchanges, removing a total of 31 crypto apps across the App Store and Google Play, which includes major platforms like KuCoin and MEXC. The move comes amid growing scrutiny following a scandal where a civil servant allegedly embezzled $342,000 in public funds to trade crypto. Meanwhile, Kraken has quietly expanded into traditional finance, now offering more than 11,000 stocks and ETFs in select US states, with plans to roll out stock trading to users in the UK, Europe, and Australia soon. And finally, it wouldn’t be a market update without mentioning the ongoing tariff war. China has now be slapped with an absurd total of 245% on importing goods into the US and have since retaliated by ordering airlines to halt purchases of US aircraft-related equipment and parts which includes a multibillion deal where their 3 top airlines have now deferred the purchase of 179 Boeing planes.
Apple’s Starlink Update Sparks Huge Earning Opportunity
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Mode is now gearing up for a possible Nasdaq listing (ticker: MODE) but you can still invest in their pre-IPO offering at $0.30/share before their share price changes.
*An intent to IPO is no guarantee that an actual IPO will occur. Please read the offering circular and related risks at invest.modemobile.com.
*The Deloitte rankings are based on submitted applications and public company database research.
Crypto Insights: Weekly Charts
USDT Dominance
We are currently hovering just above resistance and our daily upwards trendline so the possibility of a reclaim and flip of this resistance certainly isn't out of the question. Although, I do think that the more time we spend on this trendline, especially with these weaker daily bounces, the more likely we are to see a break below and a run back down to our support marked out in blue. If that were to happen then a move on Bitcoin up towards $88-90K would be on the cards.
The USDT.D chart shows the market dominance of Tether (USDT), indicating the proportion of crypto market value held in Tether and reflecting investor sentiment towards risk, as higher dominance often signals a move towards stability.
Others Dominance
It's not looking to great for altcoins after a loss of this 7.83% support level. Most moves we are seeing in the alt market are individual performers and largely due to a positive market sentiment thanks to Bitcoin going up and holding its ground through all the market turmoil. I doubt that this break below support we are seeing now will turn into another deviation, meaning any drop on Bitcoin could result in anything outside of the large caps falling immediately and so, it's a better idea to not go long on coins that are relatively stable, but rather focus on the volatile ones because these are your individual performers and more likely to give you a decent move.
The OTHERS.D chart highlights the market share of altcoins outside the top 10 by market cap, giving investors insight into capital flow and interest in the broader crypto market.
TOTAL2
Our daily chart on $TOTAL2 also isn't showing us much sign of a revival. We did deviate back above our previous support over the weekend and tap our trendline, but unfortunately it was followed by 2 daily rejections flipping the level into resistance. We are still clearly in a downtrend until this line is broken so my overall bias still remains bearish. Although, when it comes to Bitcoin I am actually a little bullish thanks to its ever increasing market dominance, and the fact that it has also largely been unaffected by most of the noise lately it is really proving itself to be the digital gold.
The TOTAL2 chart shows the market cap of all cryptocurrencies excluding Bitcoin, offering insight into the altcoin market's health. A rising TOTAL2 often signals increased interest in altcoins, while a decline may indicate a shift back to Bitcoin or reduced altcoin investment.
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