фото показано с : invezz.com

After bucking the bearish September trend on a positive note, Bitcoin has stumbled into a shaky start for ‘Uptober’—a term optimistically coined because October is traditionally seen as the most profitable month for the flagship cryptocurrency.

This week was undoubtedly one of the most volatile weeks for the bellwether crypto this year with a trading range of $60,047.21 – $66,304.17.

Bitcoin remained on a downward trajectory throughout the past seven days taking down the altcoin market with it as most major tokens shed the gains accrued during the last week of September.

In terms of gains, APT, POPCAT and SUI managed to maintain a modest lead on the weekly gainers list, with the crypto market showing signs of recovery at the time of writing.

The overall cryptocurrency market was up a mere 0.6% over the past 24 hours but was significantly below the $2.4 trillion mark last seen on Sept. 28. 

Better-than-expected nonfarm payroll data for September was the key driver that injected some optimism in the market after escalating tension in the Middle East dealt a major blow to investor confidence earlier in the week.

The Fear and Greed Index had slightly recovered from 37 to 41, but it still signaled caution in the market—a notable contrast from the greed levels of 61 seen just last week.

Analyst Rekt Capital, however, remained optimistic, pointing out Bitcoin’s “picture-perfect retest” of a downtrend line on the weekly chart as new support.

He sees this as a strong bullish signal, suggesting that despite the market’s cautious mood, Bitcoin might be setting up for a solid bounce shortly.

Source: Rekt Capital on X

Several analysts on X were pointing to the immediate resistance level at $62000 that bulls need to reclaim before the price can move higher.

Others noted that as long as the price doesn’t drop below the $60k mark, there’s no risk of a major downward move.

However, if the bears manage to push the price below, crypto analyst Emperor pointed to $57,500 as the next major support level, adding that $63000 was the key level to keep an eye on following which the prices could head higher from there.

Meanwhile, analysts at British multinational bank Standard Chartered noted that BTC below $60000, was a buying opportunity for investors.

When writing, Bitcoin was trading at $61,829, down 6.6% over the past week while altcoins were slowly turning green on the daily charts.

The weekly top gainers are as follows: 

Aptos (APT) led the market in weekly gains, with its price surging 11.9%, pushing its market cap to $4.61 billion.

At press time, APT was trading at $9.18, marking a four-month high.

Source: CoinMarketCap

According to DeFi Llama, Aptos’ total value locked in DeFi ecosystems had climbed from $415 million at the start of September to $613 million at the time of writing.

The rally was largely driven by the Layer-1 blockchain’s announcement of its acquisition of HashPalette, a subsidiary of HashPort, marking a key expansion into Japan’s blockchain sector.

The integration is expected to be completed ahead of Expo 2025 in Osaka, where Aptos will exclusively power the event’s digital wallet system, facilitating interactions with NFTs, digital assets, and decentralized applications.

Additionally, Franklin Templeton integrated its blockchain-based US Treasury fund onto the Aptos network, broadening the platform’s institutional use cases and further boosting its appeal.

Solana-based Popcat (POPCAT) was up 5.6% over the past week as its market cap rose from a weekly low of $888.7 million to $1.03 billion.

At press time, POPCAT was trading at $1.05 with a daily volume of $128 million.

Source: CoinMarketCap

The meme coin also saw a 13.4% gain in the last 24 hours while showing its strongest performance on Sept. 25, when both its price and market cap exceeded $1 and $1 billion, respectively, marking all-time highs.

Meanwhile, POPCAT’s open interest shot up 41.5%, from $108 million on Sept. 27 to $152.81 million, reflecting growing investor speculation and signaling the potential for further price movement.

Sui (SUI) made it to the top performers list after securing 4% gains over the past week.

While this seems quite modest, the token was up over 113% over the past month with its rally driven by ecosystem growth and partnerships.

Source: CoinMarketCap

Grayscale’s launch of the SUI Trust in September acted as a major boost for the altcoin, followed by the launch of the SuiPlay0X1 console, a web3-native gaming device.

More recently Sui’s partnership with Atoma has introduced decentralized AI capabilities to its network.

Thanks to these recent developments, SUI has surged into the spotlight, becoming one of the top trending search terms on Google since the start of October.

The post APT, POPCAT, and SUI remain in profit amid Bitcoin’s shaky start to October appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

97 +