Bitcoin kept swinging like crazy at the end of the trading week fr dipping under 80,000 for the first time in a whole month before it bounced right back up by roughly 2,000.
Most altcoins flipped red again with XRP sliding to 1.30 and ZEC crashing over 5 percent after getting rejected hard at 1,200. 😈
Bitcoin Finds Its Footing Near 81.5K 💀
After that wild drop on October 9 pushing BTC just over 80,000 the asset clawed back some ground and hit 83,000 over the weekend. It even touched 84,000 early Monday but got smacked down fast and fell to 81,000. The swings kept coming with a quick recovery to that same upper level on Tuesday before holding through Wednesday afternoon.
Then the September CPI numbers dropped showing inflation a bit hotter than expected. Bitcoin reacted with a sharp drop straight under 82,000. The next day PPI data confirmed inflation is sticking around and with other macro chaos like the KOSPI and Nikkei tanking BTC dove again. This time it slipped below 80,000 for a fresh monthly low 🖤.
It bounced back quick though jumping close to 83,000 on Friday before another rejection left it struggling around 81,500 while macro pressure keeps building. Its market cap sits at 1.630 trillion on CMC and dominance over alts dipped under 60 percent. 👻
Altcoins Taking Brutal Hits 🌙
Ethereum slipped 1 percent to 2,430 while BNB dropped a similar amount to 723. XRP is fighting at 1.31 after a 2.4 percent decline and coins like SOL HYPE DOGE LINK XMR plus ADA are all looking rough too.
The real pain hits with ZEC down 5.2 percent RAIN at minus 7.4 percent and TAO losing 5.5 percent. ZRO STRK and PYTH are leading the downside with double digit drops. On the bright side BTW TIA and LIT actually grabbed some gains anyway.
Total crypto market cap fell another 1 percent in the last day now sitting at 2.740 trillion. 🦇
Just another echo from the void by iconofsin.eth 💖
