Weekly Cryptocurrency Review 🔍

Largest Gains 🟩

$H +99%

$BEAT +94%

$NIGHT +48%

$CC +47%

$XPIN +39%

Largest Losses 🟥

$FOLKS -81%

$AXL -43%

$LUNA -38%

$PUMP -29%

$ASTER -26%

Potential Catalysts for These Moves:

→ H: Migration to the Walrus Protocol

→ BEAT: On-chain revenue exceeds 148,900 BEAT

→ NIGHT: Breakout of ascending triangle

→ CC: SEC approval for tokenization of U.S. Treasuries on the Canton network

→ XPIN: Technical momentum from oversold territory

→ FOLKS: Facing selling pressure after huge profits

→ AXL: Circle acquired Interop Labs but excluded tokens.

→ LUNA: Profiting from news events surrounding Do Kwon's acquisition

→ PUMP: Major holders sold stocks worth $6.3 million this week

→ ASTER: Price breaks below key support level

In-depth Analysis and Future Outlook 👇

🔹 Bitcoin and Ethereum: Gradually Declining

Bitcoin continued to face pressure this week. It opened near $89,600, then dipped to close around $88,000, with a weekly decline of about 1.8%.

Ethereum (ETH) moved in line with Bitcoin's (BTC) weakness. Due to overall market weakness, optimism around Layer 2 scaling has cooled, and ETH price fell from about $3,100 to $2,875, a decline of about 3.3%.

🔹 Macroeconomic and Global Impacts

Macroeconomic developments have heightened caution in the market. The U.S. Consumer Price Index (CPI) data shows persistent inflation, lowering market expectations for significant rate cuts and putting pressure on risk assets.

Furthermore, signals of global economic tightening intensified, as the Bank of Japan raised interest rates to their highest level in decades, boosting the yen and indirectly putting pressure on dollar-denominated assets like Bitcoin.

China's liquidity injections have had some offsetting effects but are insufficient to reverse market sentiment.

Meanwhile, sporadic security incidents and regulatory news have kept market volatility high, highlighting the sensitivity of cryptocurrencies to on-chain dynamics and global policy changes.

🔹 Outlook: Volatility Remains

Bitcoin holding the $85,000 to $88,000 range remains a key price level to watch closely. Given the still fragile market sentiment, cautious positioning and risk management remain crucial as the year-end approaches.