Yield

Drops

Bitcoin

Three altcoins stood out for all the wrong reasons over the past week, posting some of the steepest declines among crypto majors as a broad market selloff weighed heavily on risk assets.
<a href="https://x.com/SkyEcosystem" rel="noopener noreferrer nofollow">@SkyEcosystem</a>'s <a href="https://x.com/search?q=%24SKY&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SKY</a> fell 20.3%, <a href="https://x.com/AskVenice" rel="noopener noreferrer nofollow">@AskVenice</a>'s <a href="https://x.com/search?q=%24VVV&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$VVV</a> dropped 19.6%, and <a href="https://x.com/uniswap" rel="noopener noreferrer nofollow">@uniswap</a>'s <a href="https://x.com/search?q=%24UNI&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$UNI</a> lost 16.7%, making them the worst performers of the week among established tokens. <a href="https://x.com/Dashpay" rel="noopener noreferrer nofollow">@Dashpay</a>'s <a href="https://x.com/search?q=%24DASH&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$DASH</a> and <a href="https://x.com/Mantle_Official" rel="noopener noreferrer nofollow">@Mantle_Official</a>'s <a href="https://x.com/search?q=%24MNT&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$MNT</a> also recorded double-digit losses.
<h2 id="a-difficult-week-across-the-board">A Difficult Week Across the Board</h2>
The losses did not occur in isolation. <cite>The broader crypto market reversed its early-October strength and slipped into a risk-off phase, with Bitcoin pushing to around $87,100 on October 2 before sellers took control midweek, as reports of a possible Iran strike plan lifted oil prices while Treasury yields stayed elevated.</cite><cite>Bitcoin closed the week at $82,123, down 2.81%, while Ether finished at $2,488, off 6.77%.</cite>
<cite>Forced liquidations jumped to roughly $548 million on October 7, and spot Bitcoin ETFs recorded $484.9 million in net outflows that day, their largest daily outflow since June, turning October's monthly flows negative.</cite> Altcoins, as is typical in sharp risk-off moves, suffered far steeper pullbacks than Bitcoin itself.
<h2 id="sky-weighed-down-by-multiple-headwinds">SKY Weighed Down by Multiple Headwinds</h2>
For $SKY in particular, the selloff was compounded by token-specific concerns. <cite>The token fell amid market volatility, a Moody's B3 credit rating, and legacy contract exploit concerns, with mixed signals from both factors contributing to the decline.</cite><cite>No specific project-related regulatory action caused the drop, making it largely a market-wide risk-off move</cite>, though the combination of weak sentiment and low liquidity left $SKY especially exposed.
<cite>Across the altcoin space, losses deepened further down the market cap list, with UNI falling 19% and MNT losing 18% on the week.</cite> The pattern is consistent with what analysts have flagged as a contraction in risk appetite, where smaller-cap assets tend to amplify Bitcoin's moves on the downside.
With macro pressures including elevated Treasury yields and geopolitical uncertainty still in play, the near-term outlook for altcoins remains cautious.
Sources: <a href="https://coinmarketcap.com/top-stories/6ac7952ddd67e817b90f64b8/" rel="noopener noreferrer nofollow">CoinMarketCap: Sky (SKY) Drops Amid Moody's Rating and Market Volatility</a> <a href="https://www.investing.com/news/cryptocurrency-news/bitcoin-falls-to-82k-heads-for-weekly-losses-amid-yield-pressure-4940276" rel="noopener noreferrer nofollow">Investing.com: Bitcoin Falls to $82K, Heads for Weekly Losses Amid Yield Pressure</a> <a href="https://zebpay.com/blog/weekly-crypto-report-9th-october-2026" rel="noopener noreferrer nofollow">ZebPay: Weekly Crypto Report, 9 October 2026</a>

UNI, SKY and VVV this week's biggest losers.

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