Bitcoin price has recovered from a five-week low, but several major altcoins have suffered double-digit weekly losses as the cryptocurrency market struggles to regain momentum.
Summary
- Bitcoin price recovered above $80,000 after falling to a five-week low near $79,100 on Saturday.
- Bitway led weekly altcoin losses with a 29.31% decline, followed by Rain and Hedera.
- Ethereum fell 3.41% over seven days, while Solana struggled to remain above $100.
- Pepe and MemeCore defied the market downturn, gaining 14.15% and 19.4% over the week.
- U.S. spot Bitcoin ETFs recorded approximately $773.5 million in combined outflows on October 22–23.
The crypto market has recorded…
