Bitcoin Surpasses $66,000 as Altcoins Rally

Bitcoin (BTC) Rises

For the first time in 58 days since July 31, BTC has tested the $66,000 level. As this article is being prepared, BTC hovers around $66,000, having shown positive movements from $57,255 and $53,000 levels for months. Despite exceeding $66,000, significant resistance levels remain at $68,300 and $71,550.

The last three months of the year are typically viewed as a bullish period in cryptocurrency markets, prompting expectations of price increases as the final quarter approaches. Positive sentiment is further bolstered by the Federal Reserve’s anticipated interest rate cuts and the stabilization of recession fears.

Leading Altcoins of the Day

• SHIB 25%
• FLOKI 18%
• PEPE 18%
• W 16%
• BONK 14%
• ORDI 11%
• NOT 11%

This week, the total market capitalization of cryptocurrencies rose from $2.22 trillion to $2.31 trillion, while BTC’s market dominance decreased to 56.3%. According to CMC data, the fear and greed index remains just above neutral at 54.