View Daily Crypto Trends

7th October 2023: Weekly Crypto Trends

Crypto Assets
Bitcoin was up 3.9% on the week; Ethereum was down 1.3%. Both maintain short term downtrends.
Secondary coins were mixed on the week; Avalanche was up 16.3% and Solana up 15.5%, while Thorchain was down 11.6%. Thorchain consolidates to short term support, Solana forms short term base.
Crypto related equities were down on the week, with the sharpest fall in Marathon, which lost 9.5%, but found support at 7. Riot was marginally up on the week, and finds support at 9.

News

Solana’s total value locked (TVL) reached $338.82 million on Monday, marking its highest point since the start of the year, encouraging the token’s price rise yesterday. 

The trial of Sam Bankrupt-Lied, the former CEO of cryptocurrency exchange FTX, went on trial for fraud this week, sparking much interest in his new close cropped hairstyle. One time colleagues testified against him.

Additionally, Bankrupt -Lied is supposed to have considered offering Donald Trump $5 billion to dissuade the U.S. 45th president from running for office again in 2024. The revelation comes from Michael Lewis, in his new book on the disgraced FTX boss, “Going Infinite: The Rise and Fall of a New Tycoon.” 

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin27,982.372%1055.953.9%54-420-10
Ethereum1,647.852.1%-20.88-1.3%45-83-88-87

Bitcoin was up 3.9% on the week; Ethereum was down 1.3%.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Avalanche (Smart Contract Coin)10.6716.3%52-75-88-85
Solana (Smart Contract Coin)23.4515.5%580-88-66
Polygon (Smart Contract Coin)0.567.3%48-75-88-85
Cardano (Smart Contract Coin)0.276.3%50-75-88-85
Monero (Privacy Coin)152.013.5%62-75-88-85
BNB Chain Native Token (Smart Contract Coin)213.77-0.7%42-83-88-87
Fantom (Smart Contract Coin)0.190.1%41-83-88-87
XRP (Smart Contract Coin)0.530.8%4904131
Polkadot (Cross Chain Coin)4.07-0.1%35-83-92-90
Stellar (Privacy Coin)0.11-0.7%430-4-3
DogeCoin (Memecoin)0.06-1.1%37-75-88-85
Near (Smart Contract Coin)1.10-2.4%38-83-88-87
Cosmos (Smart Contract Coin)6.92-2.6%46-75-88-85
ChainLink (Cross Chain Coin)7.66-3.7%6775-88-48
Theta Token (Gaming Coin)0.63-3.4%46-75-88-85
Decentraland (Gaming Coin)0.30-4.8%48-75-88-85
The Sandbox (Gaming Coin)0.30-4.3%41-83-88-87
THORChain (Smart Contract Coin)1.77-11.6%5575-88-48

Secondary coins were mixed on the week; Avalanche was up 16.3% and Solana up 15.5%, while Thorchain was down 11.6%. Thorchain consolidates to short term support, Solana forms short term base.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF38.49-0.1%-3%31-75-88-85
Block Inc43.211.3%-2.4%20-100-100-100
Coinbase Global Inc Cl A74.790.2%-0.4%390-45-34
Hive Blockchain Technologies Ltd3.002%-2.6%27-838544
Marathon Digital Hldgs Inc7.693.6%-9.5%18-100-91-93
Microstrategy Cl A329.151.8%0.3%3404131
Riot Blockchain Inc9.374%0.4%35-750-18
Robinhood Markets Inc Cl A9.770.4%-0.4%310-88-66
Tesla Inc255.92-1.6%2.3%5075-92-51

Crypto related equities were down on the week, with the sharpest fall in Marathon which lost 9.5%, but found support at 7. Riot was marginally up on the week, and finds support at 9.

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Crypto Assets
Bitcoin was up 3.9% on the week; Ethereum was down 1.3%. Both maintain short term downtrends.
Secondary coins were mixed on the week; Avalanche was up 16.3% and Solana up 15.5%, while Thorchain was down 11.6%. Thorchain consolidates to short term support, Solana forms short term base.
Crypto related equities were down on the week, with the sharpest fall in Marathon, which lost 9.5%, but found support at 7. Riot was marginally up on the week, and finds support at 9.

News

Solana’s total value locked (TVL) reached $338.82 million on Monday, marking its highest point since the start of the year, encouraging the token’s price rise yesterday. 

The trial of Sam Bankrupt-Lied, the former CEO of cryptocurrency exchange FTX, went on trial for fraud this week, sparking much interest in his new close cropped hairstyle. One time colleagues testified against him.

Additionally, Bankrupt -Lied is supposed to have considered offering Donald Trump $5 billion to dissuade the U.S. 45th president from running for office again in 2024. The revelation comes from Michael Lewis, in his new book on the disgraced FTX boss, “Going Infinite: The Rise and Fall of a New Tycoon.” 

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin27,982.372%1055.953.9%54-420-10
Ethereum1,647.852.1%-20.88-1.3%45-83-88-87

Bitcoin was up 3.9% on the week; Ethereum was down 1.3%.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Avalanche (Smart Contract Coin)10.6716.3%52-75-88-85
Solana (Smart Contract Coin)23.4515.5%580-88-66
Polygon (Smart Contract Coin)0.567.3%48-75-88-85
Cardano (Smart Contract Coin)0.276.3%50-75-88-85
Monero (Privacy Coin)152.013.5%62-75-88-85
BNB Chain Native Token (Smart Contract Coin)213.77-0.7%42-83-88-87
Fantom (Smart Contract Coin)0.190.1%41-83-88-87
XRP (Smart Contract Coin)0.530.8%4904131
Polkadot (Cross Chain Coin)4.07-0.1%35-83-92-90
Stellar (Privacy Coin)0.11-0.7%430-4-3
DogeCoin (Memecoin)0.06-1.1%37-75-88-85
Near (Smart Contract Coin)1.10-2.4%38-83-88-87
Cosmos (Smart Contract Coin)6.92-2.6%46-75-88-85
ChainLink (Cross Chain Coin)7.66-3.7%6775-88-48
Theta Token (Gaming Coin)0.63-3.4%46-75-88-85
Decentraland (Gaming Coin)0.30-4.8%48-75-88-85
The Sandbox (Gaming Coin)0.30-4.3%41-83-88-87
THORChain (Smart Contract Coin)1.77-11.6%5575-88-48

Secondary coins were mixed on the week; Avalanche was up 16.3% and Solana up 15.5%, while Thorchain was down 11.6%. Thorchain consolidates to short term support, Solana forms short term base.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF38.49-0.1%-3%31-75-88-85
Block Inc43.211.3%-2.4%20-100-100-100
Coinbase Global Inc Cl A74.790.2%-0.4%390-45-34
Hive Blockchain Technologies Ltd3.002%-2.6%27-838544
Marathon Digital Hldgs Inc7.693.6%-9.5%18-100-91-93
Microstrategy Cl A329.151.8%0.3%3404131
Riot Blockchain Inc9.374%0.4%35-750-18
Robinhood Markets Inc Cl A9.770.4%-0.4%310-88-66
Tesla Inc255.92-1.6%2.3%5075-92-51

Crypto related equities were down on the week, with the sharpest fall in Marathon which lost 9.5%, but found support at 7. Riot was marginally up on the week, and finds support at 9.