{"id":47732,"date":"2026-10-05T10:09:14","date_gmt":"2026-10-05T10:09:14","guid":{"rendered":"https:\/\/financialrush.com\/?p=47732"},"modified":"2026-10-05T10:09:14","modified_gmt":"2026-10-05T10:09:14","slug":"bitcoin-btc-rejected-at-87k-again-cardano-ada-soars-11-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47732","title":{"rendered":"Bitcoin (BTC) Rejected at $87K Again, Cardano (ADA) Soars 11%: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Somewhat surprisingly, following the weekend developments on the Middle East front, BTC’s price soared to $87,000 once again but met the same rejection fate.<\/p>\n

Most altcoins, though, including ADA, NEAR, DOGE, and HYPE, have posted notable gains over the past 24 hours. Some of the few exceptions are RAIN and QNT.<\/p>\n

BTC Stopped at $87K Again<\/h2>\n

The primary cryptocurrency has been highly sensitive to macro news lately, including last week’s PCE data, which came out on Wednesday. As the reading showed<\/a> slowing inflation, BTC skyrocketed from $83,000 to $85,600 within minutes before it was rejected and returned to its starting point.<\/p>\n

After a quiet Thursday, bitcoin went on the offensive once again on Friday. The weak US jobs report helped<\/a> the cryptocurrency gain additional traction and pushed it to over $87,000 for the first time in ten days. However, the bears were quick to reemerge. Within the next few hours, BTC crashed below $84,000, leaving nearly $600 million in liquidations.<\/p>\n

It found some support over the weekend and climbed past $84,000. It continued its gradual ascent on Sunday to $85,000 before surging to $87,000 on Monday morning, despite warnings of escalating tensions<\/a> in the Middle East.<\/p>\n

The rejection scenario repeated, and BTC dumped to under $85,500 before it bounced off slightly and now sits close to $86,000. Its market cap is up to $1.720 trillion on CMC, while its dominance over the alts stands still at 59%.<\/p>\n

<\/a>
BTCUSD October 5. Source: TradingView<\/figcaption><\/figure>\n

ADA Flies<\/h2>\n

Ethereum has jumped to just over the key $2,700 resistance after a minor increase. XRP is above $1.50 as well, following a 1.2% daily rise. More impressive gains are evident from the likes of HYPE (3.5%) and DOGE (3.75%). NEAR has reclaimed the $5 level after a 5% daily increase. Cardano’s ADA has soared the most from this cohort of alts, jumping by almost 11% to $0.27.<\/p>\n

Other notable gainers include SUI, CC, SHIB, ONDO, and especially ENA, which is up by 7.5%. Meanwhile, FET has rocketed by over 15%, while VIRTUAL is up by 12%.<\/p>\n

The cumulative market capitalization of all crypto assets has gained 1% and is up to $2.930 trillion on CMC.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview October 5. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post Bitcoin (BTC) Rejected at $87K Again, Cardano (ADA) Soars 11%: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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