_{Authors: Trav and TheOpenChain}

Market Movers: May 6

Arm yourself with the most relevant and crucial info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

• Chart Insight:

  • Last Week's High: $64.9k

  • Last Week's Low: $56.5k

  • Weekly Volume: up from previous week.

  • Daily RSI: 48. Neutral. (Oversold < 30, Overbought >70)

  • Support Levels: $60k is the nearest and strongest level of support.

  • Resistance Levels: $70k is the nearest and strongest resistance.

2. Sector Overview

Most assets are looking green and outperforming Bitcoin.

Notable High Performers:

• Solana Ecosystem

• AI projects

• Memecoins

Notable Low Performers:

• Defi

• ERC-20 tokens

3. Token Performance

Best and worst performers over the past week:

4. VC Funding Projects

New projects that received VC funding last week:

5. Crypto Market News

• Top News for the Week Ahead:

  • Jupiter Launches Clone for Seamless Cross-Chain Trading

    • Relevance: Bullish for $JUP and the Solana Ecosystem.

  • Runes Dominate Transactions On BTC network.

    • Relevance: Outperforming Ordinals and BRC-20 in transactions.

  • Bitcoins Price is more related to Macro Events than Crypto.

    • Relevance: Next weeks CPI report may continue to impact price.

  • Aptos to Unlock over $100million worth of APT on May 12.

    • Relevance: Increase in supply may lead to initial price dump.

  

  • NFT Projects with the Highest Volume in the past week.

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