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Bitcoin-Led Rally Could Boost Zcash and Select Altcoins, Though Many Remain Below Key Resistance

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(07:12 PM UTC)
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  • Zcash (ZEC) surged ~140% and led weekly gains.

  • MYX Finance (MYX) plunged ~67%, driven by negative funding rates and deleveraging.

  • Bitcoin dominance rose to a six-week high, signaling a BTC-led risk-on rally with heavy ETF inflows.

Meta description: Crypto weekly winners and losers: ZEC led gains while MYX plunged — read the concise market summary, key levels, and trading implications. Stay informed.

What were the crypto weekly winners and losers?

Crypto weekly winners and losers were led by Zcash (ZEC) as the biggest gainer and MYX Finance (MYX) as the largest decliner. Bitcoin dominance climbed to a six-week high, fueling a BTC-led rally while select mid-cap altcoins posted outsized moves amid record ETF inflows.

How did Bitcoin dominance shape this week’s performance?

Higher Bitcoin dominance concentrated gains in BTC and pressured many altcoins under key resistance. ETF inflows and rotation into BTC created a risk-on environment, but individual altcoin strength remained idiosyncratic — driven by catalysts, liquidity, and social momentum.

Weekly winners

Zcash [ZEC] — Privacy token posted a triple-digit jump

Zcash topped the leaderboard with a ~140% rally, reclaiming attention after prolonged sideways trade since December’s $60 peak. The push began with a clean breakout early in Q4 and accelerated mid-week with a near-vertical move.

About 62% of weekly gains arrived on October 1st, producing a rapid run that tests momentum and conviction. Short-term risk includes overextension; a corrective dip to $120–$130 would be healthy if bulls fail to hold near-term support.

ZEC

ZEC

Source: TradingView (ZEC/USDT)

SPX6900 [SPX] — Memecoin breakout off support

SPX rallied ~57% to $1.50, recovering September losses and regaining August levels. Weekly momentum on the weekly chart suggests room to run, though daily RSI hints at possible short-term topping.

SPX’s breakout off $1 support sets a $2 retest as a near-term target if market risk appetite persists.

DeXE [DEXE] — DeFi bulls regain control

DeXE climbed ~28% after two choppy days, posting back-to-back strong sessions that pushed price to $13 — the highest since June. A formed base at $9 and a higher low at $10 suggest a constructive setup for a move toward $15 on sustained momentum.

Other notable winners

Smaller-cap altcoins posted spectacular percent gains: GeorgePlaysClashRoyale (CLASH) +752%, DeAgentAI (AIA) +733%, MetaDAO (META) +338% — classic volatility from low-liquidity names.

Weekly losers

MYX Finance [MYX] — DeFi platform lost 67% on deleveraging

MYX led weekly losses with a ~67% drop from the $16 open, driven by funding rates turning negative (-0.0033%), heavy short positioning, and forced liquidations. The move sliced through $8 support and erased September gains.

Derivatives metrics remain essential to monitor for signs of stabilization or further deleveraging; normalized funding rates could precede a tactical dip-buy opportunity.

MYX

MYX

Source: TradingView (MYX/USDT)

DoubleZero [2Z] — Volatility and social-driven sell-off

2Z lost ~27%, reacting to insider-trading allegations circulated on social platforms. Despite founder clarifications, shorting pressure and sentiment-driven flows amplified downside risk.

MemeCore [M] — First weekly red after four months

MemeCore fell ~17% after a 27% intraday drop earlier in the week. The retracement erased September gains and tested the $2 support zone — a level to watch for potential consolidation or further downside.

Other notable losers

Broader altcoin weakness saw Mira (MIRA) -58%, MonBase Coin (MBC) -56%, and Plasma (XPL) -45% as liquidity rotated into BTC and select momentum plays.

Frequently Asked Questions

Which tokens were the highest gainers this week?

Zcash (ZEC), SPX6900 (SPX), and DeXE (DEXE) led weekly gains, with ZEC surging ~140% and memecoins posting high single-to-triple-digit moves.

Which tokens lost the most this week?

MYX Finance (MYX), DoubleZero (2Z), and MemeCore (M) were top decliners, driven by deleveraging, negative funding rates, and social sentiment shifts.

Key Takeaways

  • BTC-led rally: Bitcoin dominance and ETF inflows drove broad market direction.
  • Concentrated altcoin moves: Few mid-caps and memecoins produced outsized returns amid liquidity rotation.
  • Risk management: Watch derivatives metrics, funding rates, and key support levels for trade signals.

Conclusion

This week’s crypto action highlighted how Bitcoin dominance and ETF flows can steer market narrative while select altcoins deliver outsized volatility. Monitor derivatives indicators, liquidity, and key price levels before trading. For ongoing coverage and data-driven market updates, follow COINOTAG’s daily briefings and analysis.









Published by COINOTAG — Published: 2025-10-05 | Updated: 2025-10-05

Crypto Vira

Crypto Vira

Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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