Solana

Bitcoin

Toncoin

when

Shiba Inu

The past seven days didn’t go well for bitcoin, which is on course to end the week with minor losses of nearly 2%.
The altcoins were a lot more volatile, but the majority are deep in the red now. Solana and Tron are among the few exceptions from the larger caps.
<h2 id="btc-uncertain-at-67k">BTC Uncertain at $67K</h2>
The business week started quite well for the primary cryptocurrency as it jumped on Monday morning to $69,500 to market its highest price tag since late July. However, the landscape changed at that point as it was mostly downhill.
BTC dumped hard by the end of the day and kept losing value until the culmination on Wednesday, when it <a href="https://cryptopotato.com/these-altcoins-dumped-the-most-as-bitcoin-btc-slumped-to-65-5k-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">dropped</a> to $65,000. It bounced off on Thursday, but some <a href="https://cryptopotato.com/tether-ceo-denies-wsj-report-of-federal-investigation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">FUD about Tether</a> pushed it south once again, this time to $65,500 (on Bitstamp).
The bulls managed to intervene at this point, and propelled a price rally that drove the cryptocurrency to around $67,000 yesterday. It has recovered a bit more traction in the past 24 hours, and now sits inches above $67,000.
Consequently, bitcoin is down by 1.6% in the past week despite the&nbsp;<a href="https://cryptopotato.com/etf-recap-another-strong-week-for-bitcoin-funds-ethereum-demand-lacks/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">massive ETF inflows</a>, which has harmed its market cap.&nbsp;The metric is now down to $1.325 trillion. However, its dominance over the alts shot up to a new high since 2021 of 55.6% on CoinGecko.
<figure id="attachment_368006" aria-describedby="caption-attachment-368006" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-368006" src="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20.png" alt="Bitcoin/Price/Chart 27.10.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-20-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-368006" class="wp-caption-text">
 Bitcoin/Price/Chart 27.10.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="sol-trx-gain-weekly">SOL, TRX Gain Weekly</h2>
As most alts sit quietly on a daily scale, we will focus on their weekly performances. It was another volatile week in the market, but most larger-cap alts are about to end it in the red.
Ethereum has lost 6% of its value within this timeframe and now struggles below $2,500. Toncoin (-6%), Avalanche (-8%), and Shiba Inu (-8.5%) are deep in the red as well.
The situation with Polkadot, NEAR, SUI, LTC, APT, FET, PEPE, IMX, TAO, and STX is even more painful, with losses of up to 15%.
The two larger-cap alts that have clearly defied this trend are Solana and Tron. SOL has gained 8.5% weekly and sits above $170, while TRX is north of $0.166 after a 6% surge.
The total crypto market cap, though, has seen over $60 billion gone since last Sunday and is below $2.390 trillion on CG.
<figure id="attachment_368007" aria-describedby="caption-attachment-368007" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-368007" src="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1876" height="824" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129.png 1876w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129-1024x450.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129-1536x675.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-27-083129-50x22.png 50w" sizes="(max-width: 1876px) 100vw, 1876px"></a>
 <figcaption id="caption-attachment-368007" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/market-watch-solana-and-tron-defy-weekly-market-sentiment-bitcoin-shaky-at-67k/" rel="noopener noreferrer nofollow">Market Watch: Solana and Tron Defy Weekly Market Sentiment, Bitcoin Shaky at $67K</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Market Watch: Solana and Tron Defy Weekly Market Sentiment, Bitcoin Shaky at $67K

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