Crypto Weekly (Oct 28 - Nov 3): Bitcoin Approaches Previous High

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Crypto Market Weekly Review

Over the past week, the crypto market witnessed Bitcoin nearing its previous peak from March. With robust inflows from ETF funds, totaling up to $2.2 billion in purchases, Bitcoin surged to $73,600. However, after approaching this high, Bitcoin adjusted slightly to $67,400 and is currently trading around $68,500.

While it was anticipated that Bitcoin’s rally would boost altcoins, when BTC was on the verge of breaking its all-time high (ATH), most altcoins remained stagnant or saw only minor increases. As Bitcoin corrected slightly at the end of the week, altcoins collectively experienced sharp declines, with many reaching new lows despite Bitcoin holding at a high level.

Top 10 Gainers of the Week

Top 10 Losers of the Week

Notable News

Token Unlock Schedule This Week

Key token unlocks this week include:

$NEON – $19.92M
$CFX – $11.58M
$GAL – $9.18M
$XAI – $6.34M
$CELL – $4.28M
$AI – $3.51M
$CETUS – $3.32M

Macroeconomic Events This Week

This week, several significant events are lined up:

TUESDAY, NOVEMBER 5

U.S. Presidential Election Day. If all goes smoothly, results are expected within 24 hours. However, any disputes or recount requests could prolong the process. Each state will announce its results sequentially until data from all 50 states is collected.

THURSDAY, NOVEMBER 7

The Fed’s interest rate decision at 19:00 UTC. The Fed is expected to reduce the interest rate by 0.25%.

Stay tuned to AZC.News for the latest market updates and daily insights on potential airdrop programs.

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