Monday Market Report | April 3rd - 9th, 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.

This week in crypto:

  • Doge pumped 30% and then receded as Twitter added its loveable Shiba Inu to the Twitter logo, but then later returned to its classic bluebird.
  • Ethereum prepares for its upcoming Shanghai fork.
  • Following revised jobless claims data from the US BLS, crypto investors remained largely unphased, and--
  • An unreleased record by David Bowie is released as an NFT.

📈 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 46.2%, with Ethereum behind at 18.9%.


  • USDC is currently the top trading pair on Ndax, followed by Bitcoin, XRP, Ethereum, Dogecoin, Cardano, and Shiba Inu.
  • Over the past 7 days, the value of Bitcoin (BTC) has increased by 2.05% and is currently being traded at $38,230. Ethereum (ETH) is down 4.43% during the same period and is now being traded at $2,500.
  • Other notable coin(s) include:
  • Dogecoin (DOGE) with an increase of 7.03% in the past week.
  • Vechain (VET) with an increase of 5.49% in the past week.
  • NEAR (NEAR) with an increase of 5.26% in the past week.
  • The Sandbox (SAND) with an increase of 4.99% in the past week.

Market Trends:

  • Elon’s favorite dog coin topped CAD $0.14 for the first time in a long time before retracing slightly when the mega-entrepreneur reverted Twitter’s logo back to its classic bluebird.
  • Jobless claims surpassed market expectations by a larger margin than its initial report, after a last-minute revision.
  • Though the increasing jobless figures bode well for ‘risk-on’ markets, crypto buyers all but ignored the news.
  • Last but far from least, the Bitcoin network Hash-rate continues to grow, currently flirting with its all-time high (400M TH/s) and sitting just under 380M TH/s. Our network--like our community—remains stronger than ever!

As of 04/10/2023 12:00 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:

  • Ether Holds Near $1.9K as Shanghai Fork Approaches CoinDesk
  • Dogecoin Drops After Musk’s Twitter Stops Using Its Dog Logo CoinDesk
  • Crypto Investors Unmoved by Revised Jobless Data Coindesk
  • David Bowie's unreleased record debuts as music NFT Cointelegraph
  • Japanese Political Faction Signals Potential Thaw in Crypto Winter Blockworks
  • Mt Gox repayment window has opened, but repayments 'will take some time' TheBlock

📅 Upcoming Events

Mark your calendars!

  • April 12:  Ethereum’s Shanghai Upgrade
  • April 12:  CPI/Core CPI Data
  • April 13:  PPI/Core PPI Data
  • April 14:  US Retail Sales #s for March

📖 Educational Resources

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

💫 Feature of the Month

Ndax's Referral Program
We pay our affiliates commissions as high as 10% and up to $25 per referral! It doesn't matter if your referrals trade $10 or a million dollars, you'll receive a 10% commission - not once, but whenever your referral trades on Ndax!

💰 Earn up to $1,000 per referral!

👨‍👩‍👦 Refer your friends, family, and community to Ndax and start earning Bitcoin and other digital assets with the best Bitcoin affiliate program in the Cryptocurrency space.

Find out more and start referring people today!

Thanks for reading our latest newsletter. Don't forget to follow us on social media for more updates and join the conversation on our forums.

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.