фото показано с : invezz.com

Bitcoin managed to settle above the $63,000 level on September 25, while the top 100 altcoins recorded a profitable day led by SEI, WLD, and POPCAT.

According to Coingecko data, BTC traded in a tight range, starting the day slightly below the $63k mark and hitting a daily high of $64,755 at the time of writing.

Since the Federal Reserve’s rate cut last week, the bulls have managed to stay in control and are hoping that BTC will retest the psychological resistance level at $65k next.

When looking at the sell-side risk ratio on the analytics platform CryptoQuant, it was at an all-time low for 2024.

This metric gauges whether market participants are more inclined to sell, and a lower value means traders don’t plan to shed their stash.

Complementing the above, Bitcoin’s Fear Greed Index, an indicator that measures the overall market sentiment, was also leaning towards the greener side at 59, which indicates increased confidence in the cryptocurrency and suggests traders are more likely to buy.

On X, analyst Shardi B pointed to $63,800 as a short-term resistance level. If BTC manages to break above this point, it would be an important indicator for bulls, leading to a more sustained upward movement.

Meanwhile, crypto analyst Wick observed that Bitcoin is showing signs of strength as it approached the upper range of a megaphone pattern it has been trading in, and pointed towards the $69,000 resistance level as key in the short-term.

According to the analyst, this could be a pivotal moment for Bitcoin. If it manages to break above this level, it could lead to a bullish breakout, signaling further upside potential.

However, Wick also noted that if Bitcoin fails to break out, it might revisit the support levels around $56,000 or even $52,000 before making another attempt to move higher.

Analyst Wolf, on the other hand, believes that Bitcoin is nearing the second phase of its bull market.

He explained that BTC had been consolidating over the past six months but noted that this was not a sign of weakness but rather part of a larger consolidation pattern. 

Wolf predicts that Bitcoin’s market cycle could peak around Q4 2025, pointing to a potential long-term bullish trajectory.

Bitcoin was trading around the $63,661 mark at press time and had dropped more than $1000 from its daily high, but overall, the sentiment across the crypto market was on the bullish side as reflected in the price of the top gainers.

SEI led the gainers on Sept. 25 with an impressive price rally of 25% over the past day and exchanging hands at $0.46 when writing.

Besides the generally bullish sentiment that is currently prevalent within the altcoin space, the layer-1 blockchain’s recent partnership with web3 pet-themed simulation game MemePet has also helped it secure today’s double-digit gains.

SEI’s daily trading volume was up 218% hovering around $610 million while its market cap had catapulted from $938 million to $1.63 billion over the last 7 days.

Also per DeFi Llama data, the total value locked on the Sei blockchain has risen to its all-time high of $196.8 million.

WorldCoin’s WLD shot past POPCAT to secure second place on the top gainers’ list after the project announced the launch of its World ID orb verifications across three new countries, namely Guatemala, Malaysia, and Poland.

WLD was up 17.3% when writing this report and had broken past the psychological resistance at the $2 mark.

Besides project growth, WLD has also benefited from the surge in Nvidia’s stock price, which often serves as a catalyst for bullish momentum in AI-focused cryptocurrencies.

Technical indicators for the altcoin were also showing bullish signs as evident from the observations made by several analysts on X.

The majority of traders were expecting an upside in the short term.

Solana-based meme coin Popcat (POPCAT) comes next on the list gaining 13.6% over the past day as it reached its intraday high of $1.07 which also markets a new all-time high.

The price uptick pushed the token’s market cap past $1 billion, marking the first time a cat-themed meme coin made it to this level.

In addition, POPCAT’s daily trading volume has also spiked 82% over the previous day, reaching around $133 million at the time of publication.

The post SEI, WLD, POPCAT lead altcoin gains, Bitcoin holds above $63k appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

72 +