Top 7 weekly crypto losers: Intensifying market sell-off leaves RAIN, ZEC, BTW leading losses

• A 36% fall over the past seven days left Rain as the worst performer among major cryptocurrencies.
• Weekly losses took Zcash down 30% to $944 and Bitway 32% lower to $0.84.
• Double-digit declines over the week also hit Ethena, Uniswap, Pump.fun and Aave.

Bitcoin (BTC) broke below $70,000 for the first time since August and Ethereum (ETH) retreated below $2,000, pulling several altcoins down with them. The cryptocurrency market deepened its losses over the past week, with growing macroeconomic uncertainty, geopolitical tensions and falling technology shares undermining investor confidence.

Renewed concerns over artificial intelligence (AI) equities followed the resignation of Nvidia co-founder Jensen Huang as CEO and board member, providing a backdrop to the sell-off.

Further uncertainty stemmed from tensions over the US-Iran war, lingering inflation concerns and expectations of another interest rate increase from the Federal Reserve (Fed). Over the past 24 hours, cryptocurrency liquidations totalled $1.3 billion, of which approximately $1.09 billion came from long positions.

Cryptocurrencies suffer steep weekly declines

Rain (RAIN), Zcash (ZEC) and Bitway (BTW) were among the tokens hardest hit by the selling, with their weekly losses widening to double digits.

Rain (RAIN)

Week-on-week: -36% | Price: $0.037

A scheduled token unlock on Tuesday put approximately $165.66 million worth of RAIN into circulation, coinciding with Rain's 36% weekly slide. That fall made it the week's biggest loser.

Against a deteriorating market backdrop, the extra supply may have intensified selling pressure.

At the time of writing, RAIN has lost 1.2% over the past 24 hours.

Bitway (BTW)

Week-on-week: -32% | Price: $0.844

Intensifying selling across altcoins left Bitway 32% lower over the past week, erasing part of its earlier advance.

A sharp reversal in the token's recent price performance preceded the decline, while limited trading liquidity may have magnified volatility.

At $0.81, BTW is 16% lower over the past 24 hours and 70% below the all-time high it reached on 14 October.

Zcash (ZEC)

Week-on-week: -30% | Price: $944

The privacy-focused sector also succumbed to the recent market sell-off, with Zcash trading near $944 after a 30% weekly decline. On Wednesday, ZEC retreated from the $1,000 range as market pressure drove leading cryptocurrencies lower.

Meanwhile, Zcash holders were preparing to vote on withdrawing 50,000 ZEC from the community grants treasury, worth approximately $50 million at the time of reporting. Voting on the proposal is scheduled to run from 16 November to 30 November, giving investors a further governance development to consider.

Ethena (ENA)

Week-on-week: -19% | Price: $0.136

Concerns over a large holder's transactions added to the pressure from a weaker market, leaving Ethena down 19% over the past seven days.

According to a Wednesday report from blockchain analytics platform Lookonchain, a wallet sent its remaining 102 million ENA to Coinbase over two days, with the tokens valued at roughly $15.6 million. The seller disposed of the tokens for an average of $0.24 each.

Uniswap (UNI)

Week-on-week: -17% | Price: $5.75

Weakness in decentralised finance (DeFi) tokens added to the wider altcoin downturn, with Uniswap trading near $5.70 following a 17% weekly fall.

After a stronger performance the previous month, UNI was exposed to profit-taking as investor sentiment weakened.

At the time of writing, UNI has fallen 4.5% over the past 24 hours.

Aave (AAVE)

Week-on-week: -16% | Price: $111

Trading near $111 after a 16% decline, Aave ranked among the week's weakest tokens. Selling across digital assets gathered pace, putting the DeFi token under pressure alongside other large-cap altcoins.

At the time of writing, AAVE has shed 2.2% over the past 24 hours.

Pump.fun (PUMP)

Week-on-week: -14%

Pressure on speculative assets from the wider cryptocurrency sell-off left Pump.fun down 15% over seven days.

The fall coincides with a market-wide slowdown in memecoin activity, historically a significant source of revenue for the platform.

Nevertheless, PUMP has gained 3% over the past 24 hours at the time of writing, despite its weekly decline.