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

• The steepest weekly loss among major cryptocurrencies came from Rain, which slumped 36% in seven days.
• Weekly declines took Zcash to $944, down 30%, and Bitway to $0.84, a fall of 32%.
• Double-digit losses over the week also hit Ethena, Uniswap, Pump.fun and Aave.

Investor sentiment remained under pressure, extending the crypto market's losses over the past week amid growing macroeconomic uncertainty, geopolitical tensions and a slide in technology stocks. Several altcoins were pulled lower as Bitcoin (BTC) breached $70,000 for the first time since August and Ethereum (ETH) dropped below $2,000.

Fresh concerns over artificial intelligence (AI) equities accompanied the sell-off after Nvidia co-founder Jensen Huang stepped down as CEO and board member.

Further clouding the market outlook were tensions linked to the US-Iran war, continuing inflation worries and expectations of another interest rate increase by the Federal Reserve (Fed). Of the $1.3 billion in crypto liquidations over the past 24 hours, approximately $1.09 billion came from long positions.

Which cryptocurrencies suffered the biggest losses this week?

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

What weighed on Rain (RAIN)?

Weekly change: -36% | Trading price: $0.037

A 36% weekly slide put Rain at the bottom of the performance table. Its fall coincided with Tuesday's scheduled token unlock, which brought approximately $165.66 million worth of RAIN into circulation.

With broader market conditions weakening, the increase in supply may have intensified selling pressure.

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

Why did Bitway (BTW) retreat?

Weekly change: -32% | Trading price: $0.844

Intensifying selling across altcoins erased part of Bitway's earlier gains, leaving the token 32% lower over the past week.

A sharp reversal in the token's recent price trend 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.

What is weighing on Zcash (ZEC)?

Weekly change: -30% | Trading price: $944

The privacy-focused sector also felt the impact of the latest market sell-off, with Zcash trading near $944 after losing 30% over the past week. On Wednesday, ZEC retreated from the $1,000 range as market pressure drove losses across leading cryptocurrencies.

Alongside the price decline, Zcash holders were preparing to vote on removing 50,000 ZEC from the community grants treasury, valued at approximately $50 million at the time of reporting. Voting on the proposal is scheduled between 16 November and 30 November, giving investors a further governance development to evaluate.

What added to pressure on Ethena (ENA)?

Weekly change: -19% | Trading price: $0.136

Concerns over a large holder's transactions added to the impact of broader market weakness on Ethena, which shed 19% over seven days.

According to a Wednesday report from blockchain analytics platform Lookonchain, a wallet moved its remaining 102 million ENA to Coinbase over two days, with the tokens worth roughly $15.6 million. The tokens were sold at an average price of $0.24.

Why did Uniswap (UNI) lose ground?

Weekly change: -17% | Trading price: $5.75

Weakness in decentralised finance (DeFi) tokens added to the wider altcoin downturn, taking Uniswap down 17% over the week to around $5.70.

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

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

How did Aave (AAVE) fare?

Weekly change: -16% | Trading price: $111

A 16% fall to near $111 placed Aave among the week's weakest tokens. As selling intensified across digital assets, the DeFi token faced pressure along with other large-cap altcoins.

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

What drove the decline in Pump.fun (PUMP)?

Weekly change: -14%

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

The fall coincides with weaker memecoin activity across the market, historically a key source of revenue for the platform.

Despite its weekly losses, PUMP has gained 3% over the past 24 hours at the time of writing.