WHAT HAPPENED LAST WEEK

Week in Review: Bitcoin, Crypto, Macro & More

NUGGETS OF ALPHA

• El Salvador launched this week the country's first BTC mining pool powered by renewable geothermal energy

• The U.S. government added $2 trillion in new debt in the last 16 weeks

• Solana’s latest update brings native support for private blockchain transactions

• More than 2/3 of USDC transactions on Solana are transfers of less than $100

• 83.12% of the Ethereum USDC transfers are greater than $10,000 USDC

• SOL NFT weekly mint volume is up 1,600% year to date at 4M mints per week

• The average interest rate on a 30-year mortgage is at 7.93%—highest since July ‘20

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Here is our Weekly Recap of Crypto:

• The global crypto market cap is $1.09 trillion, with a 24-hour volume of $17.8 billion (normally between $30-40 billion). 

• The price of Bitcoin is $27,901.91, and BTC market dominance is 49.9%.

• The price of Ethereum is $1,635.60, and ETH market dominance is 18.0%.

• The best-performing sector is Jobs, which gained 12%. 

• The Crypto Fear & Greed Index is currently Neutral (49).

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• SOL, MATIC & AVAX are the three