ZEC stole the present prior to now week however there are a number of winners.
So much can change within the cryptocurrency markets within the span of only a week. Regardless that we’ve got stated this many instances prior to now, the narrative proved appropriate as soon as once more.
Recall that your entire market state of affairs was fairly dire on the finish of the earlier enterprise week. BTC had come on the heels of a rally to $118,000 after the US Federal Reserve reduce the rates of interest for the primary time in 2025, however was violently rejected there, and the following correction drove it south exhausting. In simply a number of days, it misplaced almost $10,000 and dipped to a multi-week low of beneath $109,000.
This important assist held the worth on the way in which south regardless of being examined on a number of events in days. Bitcoin calmed over the weekend, and the bulls lastly reemerged at first of the present enterprise week.
They initiated a powerful rally on Monday that drove BTC north by roughly six grand to $115,000. After a short correction to $113,000, they resumed management of the market and pushed the cryptocurrency increased within the following days, which culminated yesterday with a surge to only over $121,000. This grew to become bitcoin’s highest price ticket in over seven weeks.
Though it has stopped there, not less than for now, BTC nonetheless stands above $120,000 as of press time. Because of this it has added greater than $10,000 since final Friday and is now inches away from a brand new all-time excessive. Talking of latest data, it’s price highlighting BNB, which went into uncharted territory earlier in the present day at over $1,100.
When it comes to weekly beneficial properties, although, the previous 7 days belong to Zcash. The privateness token has skyrocketed by 170% to a three-year peak of simply over $150. The chart under will display many altcoin winners from the previous week, together with ETH, SOL, DOGE, HYPE, SUI, XLM, and others, all of which have posted double-digit beneficial properties.
Market Knowledge
Market Cap: $4.230T | 24H Vol: $200B | BTC Dominance: 56.7%
BTC: $120,350 (+9.8%) | ETH: $4,460 (+12.14%) | XRP: $3.03 (+9.4%)
This Week’s Crypto Headlines You Can’t Miss
MicroStrategy Declares New Bitcoin Purchase, Now Holds Over 640,000 BTC. Not a lot of a shock right here as Saylor’s Technique announced its newest BTC acquisition of 196 items, pushing its complete holdings past 640,000. Curiously, Metaplanet made a considerably bigger buy this week of 5,268 BTC, which drove its stash to 30,823.
No Response From Crypto Markets as US Govt Shuts Down. The so-called ‘Uptober’ (within the crypto group) started with a bang when it comes to value reactions, but in addition with huge information from the US, as the federal government needed to shut down as a result of Democrats and Republicans failing to succeed in a deal on a number of main items of laws.
Robert Kiyosaki Says Bitcoin Is the Solely Actual Hedge as Buffett Turns to Gold. After years of bashing gold, Warren Buffett turned the tables and embraced the yellow steel following its important run in 2025. Robert Kiyosaki stated he learn between the strains and now expects a serious crash within the inventory market. Consequently, he believes BTC is the one actual hedge.
Ethereum Provide Disaster? Exchanges Can’t Hold Up With Surging Withdrawals. Buyers rushed to take their ETH out of exchanges throughout the newest run that noticed the asset go from $3,800 to $4,500. According to some reviews, buying and selling platforms couldn’t sustain with the surging withdrawals at one level.
Bitcoin Poised for Enormous Features as Gold Correlation Suggests Late November Surge. Even earlier than the spectacular rally to $121,000, common crypto analyst Ted Pillows outlined a notable correlation between BTC and gold, which, he indicated, may lead to an enormous run in This autumn for the digital asset.
Bitcoin’s Bull Run Backed by Rising Lengthy-Time period Holders. Not like earlier bull runs, which appeared extra speculative because of the participation largely of retail traders, this one is backed by a rising variety of long-term holders, in addition to establishments, said CryptoQuant’s Avocado_onchain.
Charts
This week, we’ve got a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.
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Cryptocurrency charts by TradingView.