Bitcoin Holds $60,000 Support Despite Altcoin Fall
- Bitcoin (BTC) has resurfaced above $60,000 despite other cryptocurrencies falling.
- Meanwhile, the CoinDesk 20 Index fell 1.5%, indicating weakness in the digital asset market.
- Ethereum (ETH) fell 1%, while Ripple (XRP), Solana (SOL), and Avalanche (AVAX) posted significant losses.
- Aptos (APT) gained 7% on news of Franklin Templeton fund expansion.
- Bitcoin’s share of total crypto market capitalization reached 58%.
US Dollar Rising
- The US dollar hit its highest level since mid-August amid strong economic data and geopolitical tensions.
- Strong US services data supported the dollar’s gains, which is usually a negative for cryptocurrencies.
- Analysts point to potential liquidity issues in the interbank lending market, which could require Fed intervention.
Friday's US employment report is expected to be a major catalyst for markets.