Zcash (ZEC) Explodes to 7-Year High, Bitcoin (BTC) Shaky at $110K: Weekend Watch

Bitcoin’s price instability continued in the past 24 hours as the asset failed at over $111,500 and slipped back down to familiar territory of around $110,000. Most altcoins are with minor gains within the same timeframe, aside from TAO and ZEC, which have exploded by double digits, and Figure Heloc, which has skyrocketed by more than 300%. BTC Unstable at $110K The macro perspective received several positive news in the past ten days or so, starting from the lower-than-expected inflation numbers for September announced last Friday. Then, the US Federal Reserve cut the interest rates on Wednesday, as expected, while China and the US reached some preliminary consensus on trade frictions.

However, BTC’s price has failed to capitalize on this ￰0￱ the opposite, the asset challenged $116,000 on a couple of occasions at the beginning of the business week, only to be halted there and pushed south ￰1￱ after the Fed’s rate reduction, BTC dumped from $112,000 to under $108,000. The Washington-Beijing news brought some short-term relief, but BTC couldn’t pass through $115,000 on Thursday and Friday and was pushed south to around $110,000, where it currently sits. Consequently, its market capitalization remains below $2.2 trillion on CG, and its dominance over the alts is below 58%. BTCUSD.) Explodes to 7-Year High, Bitcoin (BTC) Shaky at $110K: Weekend Watch appeared first on CryptoPotato .