Figure Heloc is again the best winner today.
Bitcoin’s price instability continued over the past 24 hours as the asset broke down above $111,500 and fell back to familiar territory around $110,000.
Most altcoins are seeing small gains within the same time frame, aside from TAO and ZEC, which have exploded by double digits, and Figure Heloc, which is up over 300%.
BTC unstable at $110,000
The macro perspective has received several positive messages over the past ten days, starting with the lower-than-expected inflation figures for September announced last Friday. Then, as expected, the US Federal Reserve cut interest rates on Wednesday, while China and the US reached a preliminary consensus on trade frictions.
However, BTC’s price has failed to capitalize on this momentum. On the contrary, the asset challenged $116,000 a few times at the start of the business week, only to be halted there and pushed hard south. Even after the Fed rate cut, BTC fell from $112,000 to less than $108,000.
The Washington-Beijing news provided some short-term relief, but BTC was unable to pass $115,000 on Thursday and Friday and was pushed south to around $110,000, where it currently stands. Consequently, the company’s market cap remains below $2.2 trillion on CG, and its dominance on alts is less than 58%.
ZEC, TAO on the rise
Most larger cap alts have posted gains of up to 1% in the last 24 hours. These include ETH, XRP, BNB, DOGE, TRX and ADA. SOL and HYPE, on the other hand, are slightly in the red.
Even more impressive price increases have come from some of the recent high flyers. Figure Haloc, for example, has been on a tear again in the past day, with an increase of more than 340% and is now above $1.
TAO and ZEC followed suit with more modest double-digit price increases of 20% and 13% respectively. ZEC has hit a new multi-year high of almost $450. Other notable winners include XMR, LTC, AAVE, HBAR, ETC, WLD and ICP.
The total cryptocurrency market cap has remained below $3.8 trillion on CG.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
Disclaimer: The information found on CryptoPotato is that of quoted authors. It does not represent CryptoPotato’s views on buying, selling or holding investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
#Zcash #ZEC #Explodes #7Year #High #Bitcoin #BTC #Teeters #Weekend #Watch