Bitcoin price battles $80K as major altcoins post double-digit losses: Market watch

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. 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 another difficult week, with Bitcoin price falling below $80,000 on Saturday before recovering, while several altcoins lost more than 10% of their value.

First reported by crypto.news. This page is a short excerpt; the full text is theirs.