Crypto Weekly (Oct 7 – Oct 13): Airdrop Week

Last week, the cryptocurrency market saw many projects announcing airdrops for users, particularly prominent Layer-2 projects like Optimism and Scroll.

Airdrop Week

Crypto Market Last Week

The second week of “Uptober” saw significant volatility in Bitcoin. The cryptocurrency experienced a notable drop at the beginning of the week but quickly made a strong recovery by the weekend. Bitcoin fell below the $59,000 mark but surged back to $63,000 within just two days, matching its value at the start of the week.

This robust weekend recovery in Bitcoin created favorable conditions for a rally in altcoins, with projects in three key sectors standing out the most: AI, Layer-1, and memecoin.

Notably, this week also marks the occurrence of several airdrop events from prominent projects such as Scroll, CARV, Optimism, and others.

Chart BTC
Chart BTC

Top 10 Best Performing Coins of Last Week

Top 10 Best Performing Coins of Last Week
Top 10 Best Performing Coins of Last Week

Top 10 Worst Performing Coins of Last Week

Top 10 Worst Performing Coins of Last Week
Top 10 Worst Performing Coins of Last Week

Notable News

Token Unlock Schedule This Week

Token Unlock Schedule This Week
Token Unlock Schedule This Week

The following token unlocks are noteworthy this week:

  • AXS: $60.07 million
  • ARB: $49.82 million
  • EIGEN: $42.99 million
  • STRK: $26.93 million
  • ZKJ: $17.27 million
  • APE: $11.24 million
  • KARRAT: $8.78 million

Macro News This Week

This week, the market’s attention will focus on two key days.

On Thursday (October 10th), at 7:30 PM, the Initial Jobless Claims report will be released. As usual, if the reported number exceeds expectations, it will likely have a negative impact on the USD. Conversely, if the number is lower than forecasted, the USD could benefit.

Love

0.0/5

Love

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.