Splitting Ethereum Classic in half and the revival of Notcoin

Last week witnessed significant events in the cryptocurrency realm:

• Ethereum Classic experienced its fourth halving.
• Notcoin's value soared by an astonishing 3000% within a week, setting a new all-time high.
• A former high-ranking FTX executive received a prison sentence of 7.5 years.

Bitcoin Price Fluctuations

Bitcoin's price reached the $68,000 mark on Monday but failed to surpass the $70,000 resistance level. It dipped below $68,000 on May 28th before recovering on May 30th. A correction followed the next day, with Bitcoin currently trading at $68,100.

Top Cryptocurrency Market

All top ten crypto assets by market capitalization ended the week in the red, with XRP and Dogecoin experiencing the most notable declines of -3.3% and -6.4%, respectively. The total cryptocurrency market capitalization stands at $2.68 trillion, with Bitcoin maintaining a dominance index of 54.2%.

Ethereum Classic's Fourth Halving

The Ethereum Classic network underwent its fourth halving on May 31st, reducing the block reward to 2,048 ETC. The halving aims to cap ETC's total supply at 210.7 million and is part of a programmed event that occurs every two years. Despite the halving, ETC's price remained relatively stable, with a slight 1% decline in the following days. According to CoinGecko, ETC has lost 7.4% of its value over the past week.

Notcoin's Surge

Notcoin (NOT) reached a record high of over $0.021 on June 2nd. The gaming token's price has increased by an impressive 317% in the last week, as reported by CoinGecko. NOT was listed on major cryptocurrency exchanges on May 16th, and its price has since experienced significant volatility.