Bitcoin Unable to Sustain Above $110K, Zcash (ZEC) Pumps by 10%: Market Watch

The last 24 hours have been more than turbulent for the cryptocurrency ￰0￱ (BTC), whose price finally registered a substantial green candle, lost all the gains and briefly tumbled below $108,000. Many of the leading altcoins have charted a similar trajectory, while Zcash (ZEC) remains one of the top performers with a double-digit increase for the ￰1￱ Experiences Massive Volatility The leading cryptocurrency was trading in the $107,000 – $109,000 range yesterday (October 21), but that consolidation was suddenly interrupted towards the ￰2￱ that time, the Federal Reserve held a meeting, during which it revealed it was looking into “payment accounts” that would grant crypto and fintech companies access to Fed payment ￰3￱ crypto market took this as a positive sign, and BTC soared to $114,000 immediately after the news came ￰4￱ is important to note that the revival coincided with the price downtrend of gold, as some analysts assumed that capital had started rotating from the yellow metal towards the digital ￰5￱ CryptoPotato reported , BTC’s price pump resulted in multi-million-dollar liquidations, with hundreds of thousands of traders getting wrecked due to opening too risky positions with high leverage.

However, the bulls could not maintain their momentum, and Bitcoin’s valuation headed south just as ￰6￱ asset lost all its gains and briefly tumbled below $108,000 before slightly rebounding to the current $108,200. Some X users noted that the retreat occurred after American President Donald Trump threatened China with the implementation of 155% tariffs starting on November ￰7￱ that turbulence, BTC’s market capitalization now stands at around $2.16 trillion, whereas its dominance against the altcoins is approximately 57.5%.) performed quite similarly to ￰8￱ spiked to almost $4,100 before dipping to $3,850. The other leading altcoins, including Solana (SOL), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), and Cardano (ADA), are also trading around their figures from ￰9￱ posting some significant losses are Aster (ASTER), Mantle (MNT), and ￰10￱ (PUMP).

ChainOpera AI (COAI) and Zcash (ZEC) are on the opposite corner with daily gains of 57% and 10%, ￰11￱ total cryptocurrency market capitalization stands at roughly $3.75 trillion, or more or less the same level as it was 24 hours ￰12￱ Market Overview,) Pumps by 10%: Market Watch appeared first on CryptoPotato .