Bitcoin consolidates near $84,000 as altcoins rally
- Bitcoin is trading at $84,342, unchanged since midnight UTC.
- 93 of the top 100 CoinDesk constituents have increased in value over the past day.
- The CoinDesk Computing Index (CPUS) rose by 9.5%, driven by Chainlink, ICP, and TAO.
- The CoinDesk DeFi Select Index (DFX) increased by 8.7% within the same timeframe.
- CoinMarketCap’s altcoin season index reached a reading of 56 out of 100, up from last week’s score of 45.
As Bitcoin has stabilized after climbing from below $63,000 to nearly $87,000 earlier in the week, capital is shifting towards more speculative assets like altcoins. This trend is reflected in both the rising altcoin season index and significant gains in various indices such as CPUS and DFX.
Currently, Bitcoin remains steady at $84,342 while altcoins are experiencing notable upward momentum with the CoinDesk Computing Index rising by over nine percent.(Source)
