📉 With the exception of Sui (+3.3% in 7 days) and a few minor gainers like Zeebu (+1.4%), crypto markets have corrected significantly since its price top last Tuesday (Oct. 29th).

Except for any potential bounce to only begin once clarity on the US presidential election starts taking shape.

Remember that any result is not about what actual economic impact these election results are likely to have... it will be on how the crowd perceives the likely impact (regardless of whether it's a pro-crypto outcome or not).

📺 In our latest video, we chat with ThinkingCrypto about the week of pumps. How does Bitcoin's health look now that 'Uptober' looks like a thing again? And what's up with memecoins, Sui, Aptos, and other altcoins?

📈 Altcoins are showing signs of a breakout following the US Fed's decision to cut interest rates by 50bps. Fantom (+11%) and Sui (+8%) are notable assets seeing mini surges.

Meanwhile, assets with rising whale transaction numbers include: STG, GMX, BIGTIME, OGN, GALA, & PIXEL.

📊 Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip ($2.3K) over the past week, altcoins have begun to rally once again. Crowd FUD has played a big factor in many of these projects rebounding with little resistance. Top weekly performers include:

📈 Fellaz $FLZ +23%
📈 Fantom $FTM +21%
📈 Fetch $FET +20%
📈 Dfinity $ICP +15%
📈 Sui $SUI +15%
📈 Optimism $OP +15%
📈 Toncoin $TON +15%

🗣️ #Bitcoin's brief drop below $42K is leading to trader nervousness heading into the weekend. With all eyes on $BTC and $ETH after the #SpotETF approvals, other assets like $XNO, $SUI, $LTC, and even $FTT are climbing the top trending token leaderboard after recent spikes.

Remember that when coins are hitting the top trending tokens due to major price surges, there is a high probability that a correction is around the corner. This is due to the mainstream, mainly novice traders who are jumping in and trying to "ride the wave" after it has already begun. This allows high capital traders to create sell walls and drive prices back down.