Bitcoin experienced some wild price moves after the release of the US PCE data yesterday, surging to $85,600, where it was rejected and driven south by $2,500.
Meanwhile, BTW continues to produce massive fluctuations, surging by 35% today. NIGHT and STX have seen double-digit increases as well.
BTC Calms After Wild Ride
Bitcoin exploded last Monday to over $87,000, which became its highest price tag since late January. It was stopped there twice in the span of 36 hours, but the second rejection was quite vigorous. BTC dumped to under $83,000 in a day after it topped $87,000 for the last time in September.
The following several days were a lot less eventful. Bitcoin established a well-defined trading range between $83,000 and $85,000, while the lower boundary was tested a few times more than the upper one. BTC even dipped below it on a few occasions, but managed to hold.
A few more fluctuations between the two lines followed before the markets turned their attention to the PCE numbers on September 30. As the final results beat expectations, the cryptocurrency skyrocketed from $83,000 to $85,600 within minutes. However, its subsequent move was just as rapid but in the opposite direction. As such, BTC has returned to $83,600 as of press time after failing to capitalize on the positive PCE news.
It enters its greenest month with a market cap of $1.680 trillion, while its dominance over the alts remains flat at 58.6% on CMC.
NIGHT, BTW, STX on the Rise
Ethereum continues its fight with the $2,700 resistance, but it’s still on the wrong side of it. BNB is above $765, while XRP has dipped slightly below $1.50. SOL, TRX, LINK, RAIN, XLM, and BCH have posted insignificant losses over the past day.
In contrast, HYPE has neared $90 once again after a 3% increase. QNT is above $290 following a similar daily jump. BTW has stolen the show once again, rocketing by 35% to $1.41. NIGHT has surged by 26% and trades well above $0.04, while STX is close to $0.4 after a 22% daily rise.
The total crypto market cap is up by just over 1% since this time yesterday, at $2.890 trillion on CMC.
The post NIGHT Explodes 26% While BTC Cools After Wild PCE Swing: Market Watch appeared first on CryptoPotato.
