Last week was marked by rumours of stronger regulation and the closure of two exchanges in Turkey. BTC$ traded 8% lower within a week. Interestingly enough, altcoins did not suffer significantly more, indicating sustained strength in the altcoin market.
Solana stood out over the week with a new ATH of $48.40 and a gain of +48%. On the one hand, the Solana ecosystem is growing rapidly via new initiatives/projects. On the other hand, the high transaction costs of the Ethereum blockchain has led to the search for alternatives: the Solana chain benefits from this.
The following events are scheduled for this week:
– April 28: ECB’s Lagarde speech
– April 28: FOMC rate decision and press conference
– April 28: Iota Chrysalis Mainnet launch
– a major options expiry on April 30 (77.3k Bitcoin expiry; 359.7k ETH)