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Bitcoin's 14% Weekly Gain Signals 'End of an Era' as Big Tech Dumps, Analyst Says
Bitcoin's advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally.
Bitcoin's [BTC] bullish momentum has spread to the broader crypto market this week as all crypto sectors booked gains, CoinDesk data shows.
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BTC gained over 14% in a week, recently consolidating at around $33,700 after it hit fresh yearly highs at $35,000 but failed to break through that price level. Bitcoin's performance is roughly in line with the CoinDesk Market Index's [CMI] 14% advance.
Latest Analysis: Bitcoin Shows No Signs of Overheating, Despite Doubling This Year
The strongest pocket of digital assets was the CoinDesk Computing Sector [CPU] - an index that tracks protocols aiming to build and support the infrastructure of Web3 and distributed computing. CPU saw over 17% gains, driven mainly by tokens of Chainlink [LINK] and Fetch.AI [FET].
Even the laggard decentralized finance [DCF] and digitization [DTZ] sectors were up over 7% this week, highlighting the breadth of the crypto rally.
Notable best-performing cryptocurrencies include notorious meme coin pepe [PEPE] with 76% advance following a token burn, LINK rallying over 44% which benefitted from the tokenization of real-world assets trend and finance-focused Injective Protocol's native token [INJ], adding another 58% gain to its already-impressive run following a token upgrade this August.
Crypto's 'uptober' and big tech’s demise
What has made crypto's bullish week even more significant is the dismal performance of U.S. equities, Coinbase analysts David Duong and David Han noted.
They pointed out that BTC moved 4.3 standard deviations higher this week compared to the previous three months, while the S&P 500 and Nasdaq moved nearly 2.5 to 3.0 standard deviations lower during the same time, the Coinbase report said.
"That massive divergence partly reflects a deteriorating macro trading environment juxtaposed against bitcoin’s positive idiosyncratic story," Duong and Han wrote.
"Uptober is certainly living up to its name," Charlie Morris, founder of investment advisory firm ByteTree, said in a Friday market update.
Morris noted that the tech-heavy Nasdaq's slump amid BTC's and gold's advance signals a shift in the investment landscape away from the ever-growing, large U.S. tech giants.
"Big tech is expensive, and following underwhelming results this week, the sector no longer grows fast enough to justify premium prices," he said. "Admittedly, they had plenty of room to reduce costs, but real growth comes from sales rather than costs."
"It’s the end of an era, and tech investors should jump ship," he added.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
Bilinmesi gerekenler:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
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