{"id":48490,"date":"2026-10-31T12:41:42","date_gmt":"2026-10-31T12:41:42","guid":{"rendered":"https:\/\/financialrush.com\/?p=48490"},"modified":"2026-10-31T12:41:42","modified_gmt":"2026-10-31T12:41:42","slug":"stx-defies-altcoin-crash-with-double-digit-surge-btc-stabilizes-at-77k-weekend-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=48490","title":{"rendered":"STX Defies Altcoin Crash With Double-Digit Surge, BTC Stabilizes at $77K: Weekend Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin suffered a major leg down on Friday after the world’s largest crypto exchange was hit with a painful hack, but has managed to rebound above $77,000.<\/p>\n

The altcoins are also trying to recover from the Friday shock, with BNB defending the $700 support. AAVE has risen by 6% among the larger caps, while RAIN, HYPE, and TRX have dropped hard.<\/p>\n

BTC Stable at $77K<\/h2>\n

The primary cryptocurrency faced a notable rejection ten days ago at $85,000, and it hasn’t been able to fully recover since. At the time, the bears initiated a few consecutive leg downs that culminated on Saturday with a price slump to $79,100 \u2014 the lowest level in five weeks.<\/p>\n

It tried to recover in the following days, and jumped to $81,700 on Tuesday, just a day before the highly anticipated FOMC meeting. It dipped as the event was hours away, and rose back to $81,800 when it became known that the central bank won’t be hiking<\/a> rates, which was mostly expected.<\/p>\n

Then came another leg down to under $80,000 before the asset surged to nearly $82,000 on Thursday. It remained close<\/a> to $81,000 when the news about the hack against Binance<\/a> went live and then tumbled by several grand to a six-week low of $76,400 at first. It bounced off to $78,400, where it was rejected, and slipped to $76,100 hours later.<\/p>\n

While some argue<\/a> that the extent of this crash was not nearly severe enough given the significance of the hack, bitcoin jumped back up, and it’s now trading around $77,500.<\/p>\n

Its market capitalization has stalled at $1.550 trillion on CMC, while its dominance over the alts is inches below 60%.<\/p>\n

<\/a>
BTCUSD October 31. Source: TradingView<\/figcaption><\/figure>\n

STX, AAVE on the Rise<\/h2>\n

ETH has rebounded above $2,200 on Saturday, while BNB is north of $700 once again after a brief dip. XRP dumped below $1.20 but now stands at $1.55. ZEC and LINK have gained 3% and 4%, respectively, over the past 24 hours, while TRX has slumped by almost 7%. RAIN is down by 8%, while HYPE has slipped by 4.5%.<\/p>\n

AAVE is the major gainer since yesterday, jumping by over 6% to $133. STX has outperformed the rest of the top 100 altcoin field, rocketing by 11% to $0.31.<\/p>\n

Nevertheless, the total crypto market cap has dumped to $2.6 trillion on CMC, which is about $80 billion less than the pre-hack levels.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview October 31. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post STX Defies Altcoin Crash With Double-Digit Surge, BTC Stabilizes at $77K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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