#CryptoMarkets 🔥 Bitcoin cools off after the PCE "rollercoaster," while the altcoin rally gains momentum
US macroeconomic data has once again stirred up the crypto market. The release of the core PCE index triggered an immediate spike in Bitcoin, though the asset has so far failed to sustain its upward momentum. Meanwhile, trader attention is shifting toward mid-cap altcoins, which are experiencing a powerful rally.
📊 Key figures and market dynamics:
Bitcoin (
#BTC ): Surged quickly from $83,000 to $85,600 on positive PCE data but just as rapidly retraced by $2,500. It is currently trading around $83,600. BTC dominance remains stable at 58.6%, with a market cap of $1.68 trillion.
Total market capitalization: Rose by 1% over the past day, reaching $2.89 trillion.
🚀 Top-performing altcoins of the day:
$BTW : The star of the daily rally - up 35% in 24 hours, with the price climbing to $1.41.
$NIGHT : Showing a massive 26% surge, firmly establishing itself above the $0.04 level.
$STX : The Stacks ecosystem token rose 22%, approaching the $0.40 mark. HYPE and QNT: Steady, moderate gains - HYPE is once again approaching $90, while QNT is trading above $290.
📉 Top altcoins and flat movement:
Ethereum (
#ETH ): Continues a tough battle against resistance at the $2,700 level.
BNB & XRP: BNB is holding above $765, while XRP has dipped slightly below $1.50.
SOL, TRX, LINK, XLM, BCH: Seeing a day of minor negative correction.
⚠️ Summary: October ("Uptober") is kicking off with its characteristic dynamic pace. Despite a short-term BTC pullback following macroeconomic data, capital inflows into select altcoins indicate that market participants retain a strong appetite for risk.