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MCap $2.9T -0.3%24h Vol $45B -2.5%Fear & Greed 65/100Alts Index 55/100
BTC.D 59.3% +0.6%Stable.D 9.2% 0%ETH.D 11.4% +0.1%Others.D 20.1% -0.7%
BEAM$0.00277684+31.22%•STRK$0.0550+25.84%•AXS$1.401+16.08%•AKT$0.7471+13.83%•PUMP$0.00627718+13.53%•IOTA$0.0594+11.54%•BAT$0.1047+11.1%•ATH$0.00778213+10.15%•ZAMA$0.0868+8.88%•SENT$0.0236+8.71%•
AI$0.1345-13.49%•RAIN$0.0105-9.96%•STONK$0.2347-9.36%•DRV$0.3770-6.64%•AR$4.442-5.73%•CAP$0.0672-5.27%•BP$1.299-4.61%•XDC$0.0325-3.5%•ZBCN$0.00248657-3.24%•PONS$0.4153-3.1%•
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      PUMP Soars 16% in 24 Hours, Bitcoin Reclaims $85K: Weekend Watch

      Bitcoin’s price has climbed slightly on Sunday morning, jumping past $85,000 after the major volatility experienced on Friday after the release of the US jobs report.

      Most larger-cap alts are also slightly in the green over the past day, with ETH challenging the $2,700 resistance, while XRP is up to $1.50.

      BTC to Reclaim $85K

      Bitcoin’s previous business week began with a leg down that drove it from the upper boundary of its trading range at $85,000 to just under the lower at $82,500. The following few days were choppy before the PCE data came out on Wednesday. As it was lower than expected, BTC skyrocketed to $85,600 within minutes. However, the subsequent move was just as rapid, but to the downside.

      Thursday was calmer, with BTC standing between $82,500 and $84,000. It began to climb again on Friday and was boosted by the much weaker-than-expected US jobs report. The initial move was quite bullish, as bitcoin jumped past $87,000 for the first time in ten days or so.

      Somewhat surprisingly, though, it crashed almost immediately and had dumped to under $84,000 within hours. The bulls finally intervened at this point and helped BTC recover to $84,000 on Saturday. It has increased slightly to over $85,000 as of now on Sunday.

      Its market capitalization has jumped to $1.710 trillion on CMC, while its dominance over the alts remains flat at 59%.

      BTCUSD October 4. Source: TradingView
      BTCUSD October 4. Source: TradingView

      PUMP Pumps

      Ethereum has returned to $2,700 today after a minor increase from yesterday. XRP eyes $1.50 following a 1.1% jump. BNB nears $800 after a more impressive 2.9% increase. Most other larger-cap alts have risen by about 1-2%. HYPE is up by 3% and stands above $90.

      CRO, NEAR, and TAO have gained up to 4.5%, while RAIN and PUMP are the two top performers from this cohort of alts. The former has gained almost 14%, while the latter is up by 16% to $0.0063. ZRO and AERO follow suit in terms of daily gains.

      The total crypto market cap has increased by approximately $30 billion daily and now sits at $2.910 trillion on CMC.

      Cryptocurrency Market Overview October 4. Source: QuantifyCrypto
      Cryptocurrency Market Overview October 4. Source: QuantifyCrypto

       


      Source: CryptoPotato
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