Weekly News Digest for Oct 23-Oct 29

Market Update

Last week, the cryptocurrency market exhibited vibrant activity, spearheaded by notable price actions in Bitcoin and Ethereum, among other digital assets. Bitcoin surged to the vicinity of $35,000, its pinnacle since May 2022, energized by burgeoning speculations regarding potential ETF approvals by the US SEC. Ethereum mirrored this uptrend, moving above $1,800, marking a revitalized market sentiment. Major altcoins like Dogecoin (DOGE) and Polygon (MATIC) mirrored this optimism, reaching two-month highs early in the week. In contrast, certain coins like Toncoin faced bearish pressures, highlighting a nuanced market landscape. Amidst this, the market also seemed receptive to external cues, as seen in the anticipatory price consolidations ahead of key speeches and reports such as those from the Federal Reserve Chair, Jerome Powell, and the US consumer sentiment report. Over the weekend, the market saw a blend of rebounds and bullish continuation, exemplified by assets like Bitcoin and Chainlink (LINK). VERSE token finished the week up approximately 9.5%.