The U.S. government shutdown is over, but the crypto market is dumping like nobody’s business.
Bitcoin sank below the key $100,000 level, reaching prices last seen in May.
On Thursday alone, investors pulled $869 million from 11 U.S.-listed spot Bitcoin ETFs as selling pressure intensified.
Is this a healthy dip or the start of a bear market?
Altcoins suffered another blow, with the top GameFi tokens enduring mixed fortunes. Wilder World (WILD) went wild with a 61% pump while MetaArena (TIMI) was the runaway winner with a 119% jump.
On days like this, zoom out, touch some grass, and let’s unpack what drove the GameFi sector this week.
Binance Wallet enabled a special Alpha airdrop of 1,000 $PLAY tokens on a first-come, first-served basis for users with 235+ Alpha points.
The GameFi trenches pushed the sector’s trading volume 36% higher this week. However, the bears had full control of Web3’s gaming ecosystem, pushing its market cap 3% lower to $11.2 billion.
Source: CoinMarketCap
It comes as no surprise that there is increased anxiety among degens after the total crypto market cap crashed to $3.27 trillion, a six-month low, as the correction continues unabated.
Forget altcoin season for now, with the Fear and Greed Index falling to 22, not far off from its yearly low of 15.
Source: CoinMarketCap
Source: CoinMarketCap
Web3 gaming climbed from 18th position to 9th on DeFiLlama’s narrative tracker. However, it was the survival of the fittest as all sectors closed the week in the red.
Source: DeFiLlama
Nika Labs has fully acquired the Archer Hunter IP just days before the game’s FASTER token goes live on centralized exchanges, positioning the hit RPG for a token-fueled expansion.
The team is now fusing its mobile success with on-chain infrastructure on Sei to build a long-term GameFi ecosystem.
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Limit your leverage to preserve capital in a declining market.
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Track macro shifts to spot upcoming catalysts early.
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Step away from screens and reassess your strategy as the market hits a six-month low.
