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Crypto Market Weekly Review: Privacy Tokens Surge, Perpetuals Exchange Slumps

Bitcoin fluctuated between $87k and $84k this week as altcoins showed mixed performance. Midnight led gainers with an 85% rally, while Lighter posted the steepest decline at 20%.
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Crypto Market Weekly Review: Privacy Tokens Surge, Perpetuals Exchange Slumps

Market Overview

Bitcoin broke above $87,000 before retreating below $84,000 during the week. Citi raised its 12-month Bitcoin price target to $113,000. Solana ETF inflows slowed to $2.4 million for the week as altcoin rotation remained uneven, with some mid-cap tokens outperforming larger assets.

Weekly Gainers

Midnight (NIGHT)

The privacy-focused blockchain token led weekly gainers with an 85% rally, achieving a fifth consecutive week of gains. NIGHT reached price levels last seen in late Q1, near the $0.05 mark. The token's RSI indicator remained below overbought levels, suggesting room for further upside if buying pressure persists. Resistance at $0.05 could determine the next phase of movement.

Quant (QNT)

QNT gained 50% to claim second place among weekly gainers. However, the token's RSI penetrated deeply into overbought territory following a 360% rally the previous week. The altcoin consolidated around $260, with profit-taking likely. Bulls must defend this level to prevent a sharper correction, while holding could support a move toward $300.

Pump.fun (PUMP)

The memecoin launchpad token posted a 25% gain this week, returning to pre-October crash levels at $0.06. Unlike QNT's overbought conditions, PUMP's RSI remained below overbought thresholds despite three consecutive weeks of gains, suggesting steady rather than aggressive accumulation. A breakout above $0.06 could trigger movement toward $0.08.

Other Notable Gainers

Agoras: Tau Net (AGRS) posted the strongest performance with a 278% gain. Dolphin (POD) increased 163% and Hookr.fun (HOOKR) rose 113%.

Weekly Losers

Lighter (LIT)

The decentralized perpetuals exchange posted the week's steepest decline at 20%. LIT fell from a recent all-time peak above $5 to the early-August zone near $3.50, where it last consolidated. RSI remained distant from the neutral point, leaving room for further downside if selling pressure continues. Bears breaking below the $3.50 psychological level could accelerate losses, though bulls defending this support could set up another advance.

Zcash (ZEC)

The privacy-focused blockchain declined 16.7%, becoming the second-largest weekly loser. ZEC retained most of its monthly gains and its RSI remained non-extreme, keeping the broader recovery structure intact. Similar price patterns in early September preceded two consecutive weeks of gains and a nearly 50% rally, suggesting recovery potential.

Dash (DASH)

The privacy cryptocurrency fell 12%, the third-largest weekly decline. DASH consolidated within a tight $55 to $60 range for more than a month. RSI cooling suggested room for a bullish trend resumption. A successful defense of the $55 level could lead to a breakout above $60 and movement toward early-Q1 levels.

Other Notable Losers

Anonymous Cat (ZCAT) led broader market declines with a 58% drop. Artificial Inu (AI) fell 55% and Bedrock (BR) slipped 52% as momentum cooled sharply.

Market snapshot

Top cryptocurrency prices

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BitcoinBTC $86,507.20+2.07% EthereumETH $2,727.97+1.48% Tether USDUSDT $0.9998-0.02% BNBBNB $794.95+1.00% XRPXRP $1.52+2.28% USDCUSDC $1.00-0.01% SolanaSOL $121.58+1.63% TRONTRX $0.3358+0.16% HyperliquidHYPE $90.54+1.35% ZcashZEC $1,354.08+3.78%
Prices by Coinranking. Informational only.