A chill is in the air and football is on the TV- yes we have made it to October. Fall is a great time.
Market Update
The market was feeling a bit of a chilly too as it moved into October.
Nine of the top 10 cryptocurrencies were down for the week. Declines were slight for most of the top 10. Binance bucking the trend with a solid 9% gain for the week.
Bitcoin was little changed for the week down just 1.5%. Etherium was down a bit more at 2.5% for the week.
Binance was the only top 10 market capacity cryptocurrency to buck the trend and had a solid 9% gain for the week. Binance had risen higher in the week but retreated before regaining most of its high.
Chanlink continues to slump. Down again this week to the tune of 11%. Chainlink is now down 53% from its high of $19.83 just two months ago.
News
Top executives of major crypto trading platform BitMEX have been charged with violating US anti-money laundering regulations.
Venezuela Rolls Out Ethereum-Based Stock Exchange to Help Skirt US Sanctions
Enabled under a new law listed in the country's Official Gazette on Tuesday, the exchange comes as part of new measures announced by President Nicolas Maduro in a bid to sidestep tough U.S. sanctions
Bitcoin, Stocks Fall as Trump Tests Positive for COVID-19
The cryptocurrency and Asian stock markets sold off early Friday after U.S. Pres. Donald Trump announced he and his wife had tested positive to COVID-19.
Winners
Looking at the top 100 by volume, Celsius Network is the big winner of the week, up 47% to add on to an impressive 264% gain for the month.
Arweave was up 24% for the week, but nearly all of that gain was early in the week and Arweave has been flat to down the remainder of the week.
Losers
DFI.money was the biggest loser of the week of the high volume cryptocurrencies, down 49% for the week.
Yearn.finance was not far behind at 47% down for the week. At over 16,000 per yearn, there is still lots of room to drop.
Curve DAO Token and sushi also had bad weeks posting losses of 38 and 36 percent respectively.
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