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This Altcoin Thrives Past Sunday's Lull While Btc Chases 78K Revival: Weekend Watch 🕸️🌙

This Altcoin Thrives Past Sunday’s Lull While Btc Chases 78K Revival: Weekend Watch 🕸️🌙

Bitcoin’s slow crawl back from that insane hack is still happening fr, with the coin grinding right up to 78000 😈

BTC Eyes 78K 🩸

The smackdown at 85000 back on October 21 kicked off this deeper dip that bottomed at 79200 last Saturday. Bulls jumped in to push it up 2000 on Sunday and Monday tho the bears kept winning so it slipped under 80000 again.
A quick spark showed on Tuesday and early Wednesday right before the FOMC vibe when BTC spiked near 82000. Once the Fed kept rates steady it slid below 80000 then bounced to 81900.
Its climb got cut short and it fell under 81000. Then boom Binance got hit hard with losses topping 6 billion and BTC nosedived straight to 76400. The weak bounce added 2000 before another drop hit a fresh six week low at 76100.
Since then it’s clawed back almost 2000 and now battles to grab 78000 again. Market cap sits at 1.560 trillion on CMC with dominance hovering just under 60%.

BTCUSD November 1. Source: TradingView

Most alts stayed sleepy since yesterday with ETH barely up a touch while TRX crashed again. Only one really popped double digits tho.

LIT Defies the Market 🌑

Ethereum crept up just over 1% and clawed back more than 100 from Friday lows to sit at 2270. BNB bounced from under 700 now chilling near 710. XRP hangs at 1.25 while SOL fights at 95. TRX slumped nearly 5% to 0.31.
Meanwhile LINK LTC and UNI gained 3 to 4% with AVAX at 8.8. MORPHO AAVE QNT and PUMP all green too. Biggest mover is LIT rocketing over 16% now above 3.10.
Total crypto market cap added 20 billion since yesterday sitting at 2.620 trillion on CMC 🖤

Cryptocurrency Market Overview November 1. Source: QuantifyCrypto

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