THE WEEKLY WRAP
Market sentiment has dropped into Fear territory, with the index now sitting at 36.
Australia isn't the only country making changes to crypto regulations. Brazil has reached a key deadline for crypto businesses to obtain a licence, as the country moves towards tighter industry oversight.
Hong Kong is making progress in tokenisation, introducing secondary-market trading for tokenised funds. This means investors can now buy and sell these blockchain-based investment products more easily.
BTC vs GOLD vs NASDAQ vs ETH vs VAS
🟡 Gold: -11.63%,
🟢 Nasdaq: +10.24%
🟣 Vanguard Australian Shares: +1.26%
🟠Bitcoin: -12.82%.
🔵 Ethereum: -24.87% YTD.
Nasdaq continues its 2026 lead, up 10.24% YTD; Vanguard Australian Shares remains in positive territory at +1.26%. Gold is slipping further, now at -11.63%, with Bitcoin closely behind at -12.82%. Ethereum is showing the greatest loss of the group, now down 24.87% YTD.
BITCOIN:
Bitcoin closed October slightly rocky, with US spot Bitcoin ETFs recording around A$914.7 million in outflows on October 30th, their biggest daily withdrawals since June.Â
Source: https://www.theblock.comÂ
Strategy and Strive continue with their purchasing patterns. Strive purchased another 124 BTC, bringing its total holdings to 43,124 BTC, a value of approximately A$4.75 billion, and Strategy purchased another 811 BTC, bringing its total holdings to 849,327 BTC, a value of approximately A$93.6 billion.
Bitcoin's mining difficulty also climbed 6.44% on October 29th, following a 5.92% increase earlier in the month. This means miners now need more computing power to earn rewards, adding further pressure to mining costs.
ETHEREUM:
Similarly to BTC, Ethereum didn’t end October on a high. Recording a 16.1% decline over the month, making it one of its weakest October performances in the past decade.
US spot Ethereum ETFs recorded approximately A$2.45 billion in net outflows, their largest monthly withdrawals since launching in 2024. A$237 million was withdrawn on October 30th alone. Blackrock’s iShares Ethereum Trust (ETHA) accounted for approximately A$2.16 billion in outflows throughout October. Representing around 88% of the month’s total Ethereum ETF withdrawals.
Source: https://www.coinglass.com/etf/ethereum
ALTCOINS:
Solana continues to make moves in the tokenisation space, recording approximately a$5.6 billion in tokenised stock trading volume for October, with more than 500,000 holders on the network. The network saw further growth on November 2nd, with Securitize making shares in 13 additional US companies, including Disney, Salesforce and ExxonMobil, available to eligible investors as blockchain-based tokens.
After climbing approximately 60% in September, Sui (SUI) didn’t continue the positive trend in October, falling approximately 22% throughout the month. Investors are watching its November token unlock, with approximately 22.6 million tokens reportedly scheduled to unlock on November 3rd.
Source: https://www.sui.io/token-scheduleÂ
Despite a challenging week for the wider crypto market, a few altcoins finished in positive territory. Pepe (PEPE) was among the stronger performers, gaining approximately 9.63% over the past seven days, followed by Stacks (STX), which climbed 7.19%. Uniswap (UNI) also stayed positive, up 0.49%, with all three outperforming Bitcoin, which fell about 4% over the same period.
Source: https://www.tradingview.com/
