Bitcoin’s price instability continued over the past 24 hours as the asset failed to hold above $111,500, slipping back to familiar territory around $110,000. Most altcoins recorded minor gains during the same timeframe, with notable exceptions including TAO and ZEC, which surged by double digits, and Figure Heloc, which skyrocketed by more than 300%.
**BTC Unstable at $110K**
From a macro perspective, several positive developments emerged in the last ten days. These started with September’s lower-than-expected inflation numbers, announced last Friday. Subsequently, the US Federal Reserve cut interest rates on Wednesday as anticipated. Meanwhile, China and the US reached a preliminary consensus easing some trade frictions.
Despite this favorable momentum, Bitcoin’s price struggled to capitalize. Early in the business week, BTC tested $116,000 twice but was halted and pushed sharply lower. Even after the Fed’s rate cut, Bitcoin dropped from $112,000 to below $108,000. The Washington-Beijing trade news provided short-term relief; however, BTC was unable to break through $115,000 on Thursday and Friday, ultimately retreating to around $110,000 where it currently sits.
As a result, Bitcoin’s market capitalization remains below $2.2 trillion on CoinGecko, and its dominance against altcoins stays under 58%.
**ZEC, TAO Show Strong Gains**
Most large-cap altcoins posted gains up to 1% in the last 24 hours. These include Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Dogecoin (DOGE), Tron (TRX), and Cardano (ADA). On the downside, Solana (SOL) and HYPE traded slightly lower.
More impressive gains came from recent high-flyers. Figure Heloc surged over 340% in the past day and now trades above $1. TAO and ZEC also delivered strong double-digit increases, rising approximately 20% and 13%, respectively. ZEC notably hit a new multi-year high near $450.
Other significant gainers in the market include Monero (XMR), Litecoin (LTC), Aave (AAVE), Hedera (HBAR), Ethereum Classic (ETC), Worldcoin (WLD), and Internet Computer (ICP).
Meanwhile, the total cryptocurrency market capitalization remains below $3.8 trillion on CoinGecko, reflecting ongoing volatility across the space.
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