{"id":48507,"date":"2026-11-01T09:14:35","date_gmt":"2026-11-01T09:14:35","guid":{"rendered":"https:\/\/financialrush.com\/?p=48507"},"modified":"2026-11-01T09:14:35","modified_gmt":"2026-11-01T09:14:35","slug":"this-altcoin-defies-sunday-sluggishness-as-btc-eyes-78k-recovery-weekend-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=48507","title":{"rendered":"This Altcoin Defies Sunday Sluggishness as BTC Eyes $78K Recovery: Weekend Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin’s gradual recovery from the largest crypto hack in USD terms continues, with the asset slowly grinding toward $78,000.<\/p>\n

Most altcoins have remained quite sluggish since yesterday, with ETH posting a minor increase, while TRX has dropped hard once again. There’s only one alt with a substantial double-digit surge today.<\/p>\n

BTC Eyes $78K<\/h2>\n

The rejection at $85,000 on October 21 was the beginning of a more profound correction that started with a dive to $79,200 last Saturday. The bulls tried to intervene and helped BTC recover $2,000 on Sunday and Monday, but the bearish sentiment prevailed, and the asset dipped below $80,000 once again.<\/p>\n

Brief signs of strength emerged on Tuesday and early Wednesday, during the hours leading up to the FOMC meeting, when BTC surged to almost $82,000. Once the meeting concluded and the Fed left interest rates unchanged<\/a>, BTC dipped below $80,000 before it jumped back to $81,900.<\/p>\n

Its ascent was halted there, and the cryptocurrency dipped below $81,000. Then came news that Binance was the latest big-name hack victim in the crypto markets, with the losses exceeding<\/a> $6 billion. Bitcoin reacted immediately with a painful nosedive to $76,400. The dead-cat bounce took it two grand higher before it dipped again to a new six-week low of $76,100.<\/p>\n

Since then, it has gradually recovered<\/a>, gaining almost $2,000, and the asset is now fighting to reclaim the $78,000 level. Its market cap has returned to $1.560 trillion on CMC, while its dominance over the alts is just shy of 60%.<\/p>\n

<\/a>
BTCUSD November 1. Source: TradingView<\/figcaption><\/figure>\n

LIT Defies the Market<\/h2>\n

Ethereum is up by just over 1% in a day, and has rebounded by more than $100 since its Friday low to trade at $2,270. BNB has rebounded from the sub-$700 drop and now sits close to $710. XRP is back at $1.25, while SOL continues to struggle at $95. TRX has slumped by nearly 5% to $0.31.<\/p>\n

In contrast, LINK, LTC, and UNI have posted gains of 3-4%, while AVAX is up to $8.8. MORPHO, AAVE, QNT, and PUMP are also in the green. The biggest gainer today is LIT, which has rocketed by over 16% and now sits well above $3.10.<\/p>\n

The total crypto market cap has added $20 billion since yesterday, and it’s up to $2.620 trillion on CMC.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview November 1. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post This Altcoin Defies Sunday Sluggishness as BTC Eyes $78K Recovery: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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