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4th November 2023: Weekly Crypto Trends

Crypto Assets
Bitcoin and Ethereum registered gains of 2.4% and 2.9% respectively in the week.
Secondary coins had very solid gains on the week, with standout gains of 39.6% in Thorchain, 24.5% in Solana and 20.8% in Near. Solana, Chainlink and Thorchain makes new short term highs, but become short term overbought. Ripple and Monero are the other coins in short term uptrends, leaving the majority still in downtrends but having enjoyed an oversold rally.
Crypto related equities were also better on the week, aided by a strong rally in markets. Block enjoyed an oversold rally of 21.6% from recent lows, while Coinbase rallied 21.2%, helped by better than expected results. Riot was up 19.4%. Microstrategy was up 11.6%, testing recent highs.

News

Sam Bankrupt-Lied was duly convicted after a court case lasting more than 20 days. It did not take the jury long to decide he was guilty on all counts.

PayPal on Wednesday became a registered crypto provider with the U.K.’s Financial Conduct Authority (FCA), meaning that it can begin marketing its digital asset services to clients in the UK.

Crypto exchange Coinbase reported a third-quarter loss on Thursday but beat analysts’ expectations. The stock was up 21% on the week. Block also reported Q3 earnings that exceeded expectations. Block’s share price also rallied 21% having recently tested 2020 lows.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin34,732.33-0.6%804.082.4%7858014
Ethereum1,832.801.8%51.092.9%65-33-88-74

Bitcoin and Ethereum registered gains of 2.4% and 2.9% respectively in the week.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
THORChain (Smart Contract Coin)3.3739.6%72100-41-6
Solana (Smart Contract Coin)39.5224.5%77100-88-42
Near (Smart Contract Coin)1.4820.8%73-25-88-72
Decentraland (Gaming Coin)0.4017.6%68-33-88-74
Theta Token (Gaming Coin)0.7517.3%65-33-88-74
Avalanche (Smart Contract Coin)12.1114.3%66-33-88-74
Cardano (Smart Contract Coin)0.3313.6%76-25-88-72
XRP (Smart Contract Coin)0.6112.5%688-41-29
The Sandbox (Gaming Coin)0.3612.3%64-75-88-85
Polkadot (Cross Chain Coin)4.6211.5%61-75-92-88
Cosmos (Smart Contract Coin)7.7610.3%59-75-88-85
Polygon (Smart Contract Coin)0.6710.2%67-33-88-74
Stellar (Privacy Coin)0.129.3%58-33-45-42
Fantom (Smart Contract Coin)0.257.5%67-33-88-74
Monero (Privacy Coin)170.856.2%7417-88-62
BNB Chain Native Token (Smart Contract Coin)230.612.7%61-33-88-74
ChainLink (Cross Chain Coin)11.482.5%72100-41-6
DogeCoin (Memecoin)0.070.4%61-33-88-74

Secondary coins had very solid gains on the week, with standout gains of 39.6% in Thorchain, 24.5% in Solana and 20.8% in Near. Solana, Chainlink and Thorchain makes new short term highs, but become short term overbought. Ripple and Monerso are the other coins in short term uptrends, leaving the majority still in downtrends but having enjoyed an oversold rally.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF40.445.6%18.6%54-75-92-88
Block Inc48.6810.7%21.6%57-75-92-88
Coinbase Global Inc Cl A85.801.4%21.2%618-45-32
Hive Blockchain Technologies Ltd3.341.2%13.6%56-750-18
Marathon Digital Hldgs Inc9.41-4.6%6.2%57-75-88-85
Microstrategy Cl A453.950.1%11.6%74508879
Riot Blockchain Inc11.390.8%19.4%61-75-41-49
Robinhood Markets Inc Cl A9.692.2%8.9%51-75-88-85
Tesla Inc219.960.7%6.1%43-75-92-88

Crypto related equities were also better on the week, aided by strong rally in markets. Block enjoyed oversold rally of 21.6% from recent lows, while Coinbase rallied 21.2%, helped by better than expected results. Riot was up 19.4%. Microstrategy was up 11.6%, testing recent highs.

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Crypto Assets
Bitcoin and Ethereum registered gains of 2.4% and 2.9% respectively in the week.
Secondary coins had very solid gains on the week, with standout gains of 39.6% in Thorchain, 24.5% in Solana and 20.8% in Near. Solana, Chainlink and Thorchain makes new short term highs, but become short term overbought. Ripple and Monero are the other coins in short term uptrends, leaving the majority still in downtrends but having enjoyed an oversold rally.
Crypto related equities were also better on the week, aided by a strong rally in markets. Block enjoyed an oversold rally of 21.6% from recent lows, while Coinbase rallied 21.2%, helped by better than expected results. Riot was up 19.4%. Microstrategy was up 11.6%, testing recent highs.

News

Sam Bankrupt-Lied was duly convicted after a court case lasting more than 20 days. It did not take the jury long to decide he was guilty on all counts.

PayPal on Wednesday became a registered crypto provider with the U.K.’s Financial Conduct Authority (FCA), meaning that it can begin marketing its digital asset services to clients in the UK.

Crypto exchange Coinbase reported a third-quarter loss on Thursday but beat analysts’ expectations. The stock was up 21% on the week. Block also reported Q3 earnings that exceeded expectations. Block’s share price also rallied 21% having recently tested 2020 lows.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin34,732.33-0.6%804.082.4%7858014
Ethereum1,832.801.8%51.092.9%65-33-88-74

Bitcoin and Ethereum registered gains of 2.4% and 2.9% respectively in the week.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
THORChain (Smart Contract Coin)3.3739.6%72100-41-6
Solana (Smart Contract Coin)39.5224.5%77100-88-42
Near (Smart Contract Coin)1.4820.8%73-25-88-72
Decentraland (Gaming Coin)0.4017.6%68-33-88-74
Theta Token (Gaming Coin)0.7517.3%65-33-88-74
Avalanche (Smart Contract Coin)12.1114.3%66-33-88-74
Cardano (Smart Contract Coin)0.3313.6%76-25-88-72
XRP (Smart Contract Coin)0.6112.5%688-41-29
The Sandbox (Gaming Coin)0.3612.3%64-75-88-85
Polkadot (Cross Chain Coin)4.6211.5%61-75-92-88
Cosmos (Smart Contract Coin)7.7610.3%59-75-88-85
Polygon (Smart Contract Coin)0.6710.2%67-33-88-74
Stellar (Privacy Coin)0.129.3%58-33-45-42
Fantom (Smart Contract Coin)0.257.5%67-33-88-74
Monero (Privacy Coin)170.856.2%7417-88-62
BNB Chain Native Token (Smart Contract Coin)230.612.7%61-33-88-74
ChainLink (Cross Chain Coin)11.482.5%72100-41-6
DogeCoin (Memecoin)0.070.4%61-33-88-74

Secondary coins had very solid gains on the week, with standout gains of 39.6% in Thorchain, 24.5% in Solana and 20.8% in Near. Solana, Chainlink and Thorchain makes new short term highs, but become short term overbought. Ripple and Monerso are the other coins in short term uptrends, leaving the majority still in downtrends but having enjoyed an oversold rally.