Bitcoin and Ethereum Jump 6%, but Altcoins Lead the Rally

4 hours ago 1

Rommie Analytics

Key Takeaways

  • Bitcoin and Ethereum gained roughly 6%.
  • Displayed altcoin gains ranged from 11% to 27%.
  • Lower oil prices eased inflation concerns and supported wider risk sentiment.
  • Short liquidations accelerated the crypto advance.
  • One session does not establish altseason.

The rally widened beyond Bitcoin and Ethereum

In the September 21 CoinMarketCap snapshot, Bitcoin traded near $86,000 and Ethereum around $2,760. The CoinMarketCap 20 Index DTF shown alongside them had risen by a similar amount, indicating that the advance extended beyond the two largest cryptocurrencies.

Bitcoin
Near $86,000
Up about 6%
Ethereum
Near $2,760
Up about 6%
CMC20 tracker
Shown in the snapshot
Up about 6%

The three readings establish the breadth of the large-cap m...

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