The cryptocurrency market experienced volatility this week, with Bitcoin dropping below $110,000 and altcoins testing support levels. Tokens like Bittensor and Ethena led gains, while Artificial Superintelligence Alliance and Zcash saw significant declines. Capital rotated into high-utility assets amid broader market pressure.
This week's crypto market review, published on October 19, 2025, shows Bitcoin slipping 6% below the $110,000 level to a multi-month low near $103,000. This downturn pulled most altcoins back to early August prices, though capital shifted to high-utility tokens rather than fully exiting the market.
Among the top gainers, Bittensor (TAO) led with a 30% increase, reaching a five-month high. It spiked 17% past $470 early in the week but erased nearly 50% of gains amid deleveraging, with $48 million pulled from derivatives. Spot investors then accumulated $14 million, pushing TAO up 10% from a $370 low, positioning it for a potential push toward $480.
Ethena (ENA) followed with a 27% rally, rebounding from a $0.40 base after its founder bought 48 million coins worth about $20 million. The token surpassed $0.50—a level not crossed since Q3—setting sights on a $1 breakout.
Morpho (MORPHO) gained 10%, starting with a 0.8% rise to test $2 resistance but dropping nearly 10% to $1.60 amid a $500 million outflow. It recovered to retest $2 by week's end, though its direction remains uncertain without a clear breakout.
Other notable winners included BNB Attestation Service (BAS) at 362%, XPIN Network (XPIN) at 348%, and Bless (BLESS) at 173%.
On the losing side, Artificial Superintelligence Alliance (FET) fell 30% from $0.37, marking four straight weeks of declines and breaking $0.50 support. U.S.-China trade tensions heightened risk-off sentiment in AI, with no firm floor at $0.20 yet.
Zcash (ZEC) dropped 20% after a 210% rally to a four-year high of $300, but recovered nearly 20% of losses, establishing $180 as a demand zone for potential bullish continuation.
MemeCore (M) declined 8% to $1.95, breaking support for the second time in a month. Other losers were DORA at 67%, Paparazzi Token at 47%, and Portal to Bitcoin at 43%.