Crypto market’s weekly winners and losers – WLD, WLFI, UNI, ADA

This week, crypto turned risk-off. 

Bitcoin slipped below $63,000 after failing to hold the $65,000 level, while regulatory uncertainty around the CLARITY Act added to the pressure. 

Memecoins also showed high volatility, while selective altcoins managed to outperform despite the broader market weakness, with some names posting strong weekly gains.

Weekly winners

Bitway [BTW] extends its bullish weekly structure

Bitway [BTW] led this week’s gainers with a 43% rally, but the main question is whether this trend will continue in the following days. The main reason is the RSI has entered the overbought territory after BTW’s impressive 167% rise in the previous week, suggesting a possible bearish correction in the short term. 

Hence, the strong bearish accumulation will put bears in the driver’s seat in the short-term scenario. Another crucial aspect that cannot be ignored is the fact that FOMO still remains a significant factor influencing the price of Bitway. This week, the token reached a new all-time high of $0.30 despite the overall risk-off sentiment on the market. 

Meanwhile, if this scenario continues and BTW’s performance stays robust compared to other assets, the token can continue to be a safe haven for investors. Under these circumstances, it is highly possible for Bitway to maintain its bullish structure on a daily chart as the token climbed over 1.5% intraday.