Monday Market Report | April 24th - 30th, 2023

📢 Weekly TL;DR

Every Monday morning, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements to industry news, and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.

One year out from the next Bitcoin halving, the rekindling of institutional interest in Digital Assets has begun. This week:

  • The record inflow of staked Ether
  • Franklin Templeton Jumps on the bandwagon... via Polygon, and--
  • Bitcoin reacts positively to First Republic news.

📈 Weekly Moves

Market Summary:

  • The global cryptocurrency market has reached a total market capitalization of CAD $1.60 trillion.  
  • Bitcoin continues to lead the market with a dominance of 46.8%, followed by Ethereum at 18.8%.


  • Bitcoin is currently the top trading pair on Ndax, followed by Ethereum, XRP, Dogecoin, Polygon, and Shiba Inu.
  • Over the past 7 days, the value of Bitcoin (BTC) has increased by 2.99% and is currently being traded at $38,704. Ethereum (ETH) is down 0.86% during the same period and is now being traded at $2,495.

Market Trends:

  • Last week, 571,950 ETH tokens were deposited into staking contracts, worth over $1B, according to Dune Analytics (see Shanghai Upgrade article below)
  • Rep. Patrick McHenry told CoinDesk’s Consensus ’23 that following some hearings in May, we could expect a crypto bill in the US in 2 months.
  • When asked whether he thought a bill could be signed by President Biden in 12 months, he answered—without missing a beat—Yes.
  • Deloitte is hiring hundreds of crypto specialists while--
  • KPMG Published a report finding that most family offices plan to invest in Digital Assets—if they haven’t already.

As of 05/01/2023 12:30 AM EST, values in CAD.

Keep an eye on the market here 👉 Cryptocurrency Prices

📰 Community News

In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:

  • U.S. House Will Have Crypto Bill in 2 Months: McHenry CoinDesk
  • Ethereum Shanghai Upgrade Brings Record Inflow of 572K ETH Staked in a Week CoinDesk
  • Fidelity Doubles Down on Metaverse with Financial Literacy Experience Blockworks
  • Analysts at odds over Fed, US debt ceiling impact on Bitcoin price CoinTelegraph

📅 Upcoming Events

Mark your calendars!

  • May 3 - FOMC Decision
  • May 10 – CPI (April)
  • May 17 - Bitcoin Builders Conference Miami
  • May 18 - Bitcoin 2023 Conference Miami

📖 Educational Resources

Looking to learn more about cryptocurrency and blockchain? Here are a few resources that we recommend:

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Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.