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Market Uncertainty. It was a mixed week for risk assets, led by steep losses across the stocks earlier in the week and an end-of-week redemption pump on Friday. What happened this week in markets?
Although U.S. stock markets were closed on Monday in observance of Memorial Day, crypto continued to trade; BTC took a run at establishing new all-time highs, wicking to nearly $70k before proceeding to trade lower throughout the week.
Despite the drawdown, riskier alt coins held their weight, with Bitcoin Dominance finishing Friday unchanged from the prior weekly close, a level set after the metric experienced its second worst week in 2024 catalyzed by widespread acceptance that spot ETH ETFs will receive approval that nullified BTC’s regulatory capture narrative.
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