altcoins appears when the influence of Bitcoin falls behind price does not pass $87,000: weekly crypto market summary

Bitcoin touches $87,300 and then falls into $83,500: Non-bitcoin assets are more prominent as the bitcoin ratio decreases

What happened this week?
The crypto market has just gone through a week of rebounding, as 10 days ago there was a pullback but bitcoin still crossed it.$80,000 Despite the CLARITY Act failing in the US Senate and the Fed raising interest rates after that event,BTC prices once fell to $75,000 before bouncing back and maintaining $80,000 by Friday afternoon.

Upon entering the trading week, prices started with a buying force that pushed up,$7,000 in less than 24 hours after the defense$80,000 succeeded,BTC it touched down$87,000 for the first time since late January following massive capital inflowsETF even leading to$85,000 an immediate but subsequent buy side pressure reaching$87,300 and then being reversed once again causing the forces to disappear. Prices dropped lower$83,000 on Thursday before falling back $85,000 earlier in the day and were sold off at $83,500 At the time of reporting meaningBTC still good5% during the week but slower performance over 888000

Why is this important to you?
A point to note is that$80,000 it's still a trend the market uses to gauge buyer strength, while being rejected atBTC suggests selling forces are tight. Additionally,BTC there has been no breakout.$80,000 This makes this round of volatility look different from bad news from macroeconomics and tensions in two major price-pulling trends over the previous weekend which had held steady.$82,000

How does a non-bitcoin asset outperform bitcoin?
The list on this week's performance graph was led by BTW which boomed 73% followed by ENA 52%, NEAR 45%, ONDO 40%, SUI 39%, BCH 32% and AVAX 29% in the large-sized altcoin groupXRP, LINK and ADA topped with profits.17%18% When altcoin , won BTC, the indicatorBTC dominance declined sharply,2% leaving one week remaining.56.5%

If this figure decreases, but the crypto market continues to expand, it often means that money flows from Bitcoin to other assets more, which corresponds with a signal from Glassnode at altcoin Cycle Signal changes from Bitcoin era to the era of altcoin .

The market data.
The market overview as of September 25 from QuantifyCrypto states that the total market value $3T, 24-hour trading volume $113B,BTC dominance56.5%, BTC $83,500 plus 5%, ETH $2,685 plus 5.9% and XRP $1.57 plus 17%

For readers in Thailand, most prices are reported as USD but when compared to trading on Bitkub or platforms under the direction of the SEC (Thailand) , users often have to convert to THB according to the price at that time. Thus news such as ETF inflows, new ETPs or security incidents on global exchanges affect the price of THB , which Thai investors agree.

Important news to know.
Zcash topped $1,600 for the first time in over a decade after 21Shares launched ZEC ETPs in Europe for the very first time. The ETP is a product that trades on European markets, similar ETF to those in the U.S., making it easier to access privacy coins such as ZEC .

Bitget reported a breach of the hot wallet value$351M by several attackers stealing more crypto.$350M The platform stated that all damages were under User Protection Fund, leaving customer deposits intact. This case reflects that hot wallet , which stores ready-to-use coins on exchanges, is still a security risk even though the exchange has user protection funds.$75.7M

Ondo Finance launches three port products on the blockchain citing BlackRock 's strategy of upgrading traditional port management to connect with on-chain . The ONDO and token coins were the strongest performers among those reported.

Strategy purchased,BTC raising $950 in value$75.7M after a three-week hiatus, bringing the company's inventoryBTC to be the world's largest corporate-level holder.846,000 BTC Meanwhile Strive bought 1,355 units in value,$107.7M which was larger than Strategy's last round of buying.

Is Bitcoin separate from gold, stocks and dollars?
The report also points out that the correlation of BTC with large-scale assets such as U.S. stocks, precious metals markets and dollars is downward because many assets are not running on crypto's recovery; this separation may make itBTC more likely to be seen as a specific asset in the short term but does not mean prices will run higher or lower.