CRYPTO MARKET 24hrs ago 📈 📉
Bitcoin (BTC): hovered around $83K–$84K. It had recently reached above $87K during the week, then pulled back and stabilized.
Ethereum (ETH): around $2,690, slightly down on the day.
Solana (SOL): around $120–121, showing relative strength compared with BTC/ETH.
XRP: around $1.54–$1.56, weaker than SOL.
BNB: around $774, basically flat.
AVAX: one of the notable movers, around $10.96, up roughly 2.9% in the Saturday morning snapshot.
🧠 The bigger picture
The interesting part is that Bitcoin wasn't doing much, while some altcoins were still attracting money. Earlier in the week, 93 of the 100 CoinDesk 100 constituents were rising, and the Altcoin Season Index reached its highest level in more than three months.
There was also significant institutional demand: U.S. spot Bitcoin ETFs had recorded roughly $2.39 billion of net inflows during September 21–25, while Ether ETFs also saw substantial inflows.
But there are warning signs: U.S. Treasury yields were above 5.2%, creating pressure on risk assets, and the Bitget security incident involving hundreds of millions of dollars added another source of market risk.
So the simplest description of yesterday's market is:
BTC = consolidating 🟡
ETH = slightly weak 🟡
SOL = relatively strong 🟢
AVAX = strong 🟢🔥
Altcoins overall = selective strength rather than a full-blown market-wide rally
Bitcoin (BTC): hovered around $83K–$84K. It had recently reached above $87K during the week, then pulled back and stabilized.
Ethereum (ETH): around $2,690, slightly down on the day.
Solana (SOL): around $120–121, showing relative strength compared with BTC/ETH.
XRP: around $1.54–$1.56, weaker than SOL.
BNB: around $774, basically flat.
AVAX: one of the notable movers, around $10.96, up roughly 2.9% in the Saturday morning snapshot.
🧠 The bigger picture
The interesting part is that Bitcoin wasn't doing much, while some altcoins were still attracting money. Earlier in the week, 93 of the 100 CoinDesk 100 constituents were rising, and the Altcoin Season Index reached its highest level in more than three months.
There was also significant institutional demand: U.S. spot Bitcoin ETFs had recorded roughly $2.39 billion of net inflows during September 21–25, while Ether ETFs also saw substantial inflows.
But there are warning signs: U.S. Treasury yields were above 5.2%, creating pressure on risk assets, and the Bitget security incident involving hundreds of millions of dollars added another source of market risk.
So the simplest description of yesterday's market is:
BTC = consolidating 🟡
ETH = slightly weak 🟡
SOL = relatively strong 🟢
AVAX = strong 🟢🔥
Altcoins overall = selective strength rather than a full-blown market-wide rally