Key Takeaways
- Bitcoin gained 1% to reach $85,500 by Oct. 4, helping crypto market capitalization recover to $2.99 trillion.
- Altcoins saw mixed momentum as ether added 0.4% to hit $2,700, while quant surged 39% and zcash plummeted 17%.
- Traders are monitoring early “Uptober” macro signals to gauge if top digital assets can sustain Q4 gains.
Crypto Market Rebounds After Macro-Driven Dip
The cryptocurrency market ended a volatile week nearly flat, recovering from a Sept. 29 slump that erased $50 billion in value before a late-week rally driven by “Uptober” sentiment. The initial downturn, which briefly knocked aggregate market capitalization down to $2.95 trillion, coincided with surging oil prices and rising Treasury yields.
Bitcoin…
