2 hours ago
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Key Takeaways
- Bitcoin up 1.2% but still down 2.5% weekly
- MemeCore led gainers with a 12% jump
- Zcash gained 6% before its tenth anniversary
- Most top gainers clustered between 4% and 6%
Bitcoin traded near $80,880 at 21:10 UTC on October 27, according to CoinMarketCap, after days of quiet trading as recent buyers sold at a loss.
Bitcoin’s recovery is real, but small
The session opened with another dip under $80,000 before buyers stepped in during the second half of the US day. By the evening, BTC was up 1.2% over 24 hours and still adding 0.28% on the hour.
That still leaves Bitcoin down 2.52% over seven days. Ether had the better day, up 1.8% to $2,350 at the time of writing, but the worse week, down 4.4%. The same report notes that large holders are turning bearish for the first time since June, a sign that the bounce is being bought at a round number rather than chased.
Caution ahead of Wednesday explains part of that. The Federal Reserve announces its decision at 18:00 UTC...
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