Bitcoin Rejected at $87K Despite Soft PCE and Jobs Data as QNT, NIGHT Explode: Weekly Crypto Recap
๐ Bitcoin faced significant resistance at $85,000, experiencing a sharp drop to below $83,000 before recovering slightly, but struggled to maintain upward momentum despite positive economic news.
๐ QNT emerged as a standout performer with a staggering 160% surge over the week, while NIGHT also saw impressive gains of 105%, contrasting with declines in larger-cap altcoins like XRP and ZEC.
๐ฎ Analysts predict October could be a bullish month for Bitcoin, but caution against potential market volatility due to historical trends following US midterms and other upcoming catalysts.
๐ Bitcoin faced significant resistance at $85,000, experiencing a sharp drop to below $83,000 before recovering slightly, but struggled to maintain upward momentum despite positive economic news.
๐ QNT emerged as a standout performer with a staggering 160% surge over the week, while NIGHT also saw impressive gains of 105%, contrasting with declines in larger-cap altcoins like XRP and ZEC.
๐ฎ Analysts predict October could be a bullish month for Bitcoin, but caution against potential market volatility due to historical trends following US midterms and other upcoming catalysts.