Bitcoin Stalls at Q4 Open as Altcoins Surge
Bitcoin began its fourth quarter in a tight range of $82,000 to $85,000 after a brief surge above $85,600 following softer-than-expected PCE data. The token Midnight's NIGHT jumped more than 20% and traded above $0.04, while Stacks rallied toward $0.40 as altcoin strength remained selective.
The market's reaction to the inflation data was volatile, with Bitcoin briefly pushing above $85,600 before retreating toward $83,600. The reversal showed that favorable macro data was not enough to clear overhead resistance, and the market remains inside its established range.
Altcoins delivered a selective picture, with some tokens experiencing notable gains while others declined. The strongest gains remained concentrated in individual tokens rather than spreading evenly across the market, reinforcing rotation-driven trading as Bitcoin consolidates.