Crypto Market Overview Last Week
In the final week of October, Bitcoin remained relatively stable, trading within a narrow range of $65,100 to $69,400. Although it initially surpassed the $69,000 level with hopes of reaching $70,000, Bitcoin later adjusted and moved sideways due to negative news. Despite this, Bitcoin continued to see strong interest from ETF funds, with BlackRock notably “holding up” Bitcoin ETFs last week, bringing in nearly $1 billion in inflows.
While Bitcoin held steady with slight declines, altcoins faced heavy selling pressure, pushing many back to their recent lows. The “Uptober” sentiment seems to have lost its relevance this year.
Top 10 Weekly Gainers
Top 10 Weekly Losers
Key News Highlights
- Indonesia Adjusts Licensing Deadline for Exchanges
- DPP Japan Leader Proposes Significant Crypto Tax Cut
- Layer-1 Sui Integrates with Google Cloud to Combat Fraud and Support Gaming
- Binance Will Delist IDRT, KP3R, OOKI, UNFI on 2024-11-06
- Nigeria Withdraws Charges Against Binance Director
- Denmark Will Tax Crypto in 2026
- Binance Labs Invests in Moonwalk Fitness
Token Unlock Schedule This Week
This week’s notable token unlocks include:
- $TIA: $923 million
- $SUI: $145 million
- $OP: $51.17 million
- $IMX: $43.44 million
- $TRIBL: $12.61 million
- $MAV: $8.00 million
- $PORTAL: $6.92 million
Macroeconomic News This Week
We are set to receive several key economic updates this week:
On Wednesday, October 30, 2024, at 12:15 (UTC), the ADP Non-Farm Employment Change report will be released, which tracks employment changes outside of the agricultural sector. If actual figures exceed forecasts, this will likely be positive for the USD, and vice versa.
Also on Wednesday, at 12:30 (UTC), the GDP report will be released, measuring the overall health of the economy. A higher-than-expected GDP result would be a positive signal for the USD, and vice versa.
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