This week has been relatively good for markets as several assets managed to post gains over the seven days. Bitcoin and Ethereum both managed some gains over the period in relation to ETFs while altcoins also dominated with gains over the week.
Bitcoin Price Review
Bitcoin managed gains ahead of an eventful week in the ETF space. Bitcoin (BTC), trading at $70.5K as of press time, had seen a 7.7% pump from its previous seven-day price, as its market cap stood at $1.38T during the same period.
*BTC* surge can be attributed to its inflows this week. As of March 28, the ETF space saw $183M in inflows, bringing the cumulative total to $12.13B. iShares Bitcoin ETF (BlackRock) saw a $95.12 million net inflow while Fidelity Wise Origin Bitcoin Fund got $69.09 million in net inflows. However, Grayscale Bitcoin Trust saw almost a $105 million net outflow.
Ethereum Price Review
Ethereum has also had a tremendous week, posting notable gains in anticipation of Ethereum ETF approvals. Ethereum (ETH), trading at $3,609 as of press time, had seen a 6.6% pump from its previous seven-day price, as its market cap stood at $433 billion during the same period.
*ETH* surge over the week can be attributed to recent spot Ethereum ETF applications. This week saw two more financial institutions, Bitwise and Fidelity file for Spot Ethereum ETFs, an event that might have stirred optimism on Ethereum markets triggering the pump.
Core DAO Price Review
This week’s top gainer is Core DAO (CORE), which has doubled its valuation over seven days. Core DAO, trading at $1.64 as of press time, had seen an impressive 132% pump from its previous seven-day price, as its market cap stood at $1.4 billion during the same period.
CORE’s pump can be attributed to the recent launch of coreBTC on Core Chain. The new development has enabled users to transparently bridge their BTC to a Bitcoin-secured DeFi experience on Core Chain.
Dogwifhat Price Review
Dogwifhat (WIF), a Solana meme coin, is again among the top gainers as it emerged as the second topmost gainer. Dogwifhat, trading at $4.62 as of press time, had seen an impressive 104.8% pump from its previous seven-day price, as its market cap stood at $4.7 billion during the same period.
The Dogwifhat price pump this week can be attributed to whale activity over the seven days. This week saw WIF become the 3rd largest meme coin with a $4.7 billion market capitalization, surpassing the Pepe token’s $3.3 while the largest holder chooses not to offload.
Mantle Price Review
Mantle (MNT) is this week’s third top gainer, and it also posted notable gains in today’s session. Mantle had seen a 58% pump from its previous seven-day price, as its market cap stood at $4.2 billion during the same period.
Mantle’s price surge over the period can be attributed to a new development in the network that could have sparked much enthusiasm. Mantle unveiled its Mantle Rewards Station this week which offers rewards and perks from your favourite Mantle Ecosystem dApps causing much enthusiasm in its community.
