A modest rebound in lesser‑known digital tokens unfolded on Tuesday, even as the price of the largest cryptocurrency lingered around $85,900.
A modest rebound in lesser‑known digital tokens unfolded on Tuesday, even as the price of the largest cryptocurrency lingered around $85,900. Bitway’s native token, BTW, climbed 25 % over the previous 24 hours and had risen 170 % in the last 30 days, outpacing most of its peers. The move coincided with a broader uptick among smaller altcoins, with Filecoin’s FIL and LayerZero’s ZRO each gaining roughly 10–12 % in the same period and posting gains of 50 % or more over four weeks.
The rally appeared to draw some momentum from the conclusion of Binance Wallet’s “Booster Season 5” campaign on October 2, which had rewarded users for depositing assets and may have spurred retail participation. Social‑media chatter around BTW intensified after the campaign ended, according to market observers.
Bitcoin’s price remained range‑bound, fluctuating near $85,900 after touching lows around $85,000 earlier in the session. Analysts cautioned that a breach below $84,000 could accelerate a slide toward $80,000, a level that some traders view as a potential floor. “A break below $84K would signal a victory for the bears, and a break below the recent local lows at $83K would confirm this with even greater certainty,” said Alex Kuptsikevich, chief market analyst at TheFxPro.
Derivatives data showed relative stability in Bitcoin positioning. Open interest held near $21.9 billion, little changed from the previous day’s $22.0 billion, while funding rates eased to a 0–5 % annualized range from earlier 4–10 % levels. The 3‑month annualized basis remained steady at 5–6 %. Options flow stayed skewed toward calls, with a 24‑hour put/call volume ratio of 62/38. Coinglass reported $163 million in liquidations over the past day, split roughly 63 % long and 27 % short, with Bitcoin accounting for $51 million of that total. Binance’s liquidation heatmap highlighted $87,150 as a key level to watch if price were to rise.
Among privacy‑focused assets, Monero (XMR) edged up 1.9 % to $557, while Zcash (ZEC) added 2.5 % to surpass $1,350, reflecting continued demand for anonymous layer‑1 solutions amid shifting macro sentiment. Near Protocol’s NEAR token rose 4.5 % to $5.25, buoyed by renewed buying interest after a recent market‑wide pullback. In contrast, Rain Protocol’s RAIN slipped 5.6 % as selling pressure resurfaced following supply emissions and profit‑taking in speculative low‑cap tokens.
Large‑cap decentralized finance tokens showed modest declines, with Uniswap (UNI) down 1.4 % to $8.89 and Chainlink (LINK) easing 1.2 % to $14. Sui’s native token SUI slipped 3.2 % to about $1.20 as the layer‑1 network digested recent volatility. Overall, the session underscored a tentative shift in focus toward smaller, higher‑beta assets while Bitcoin’s price remained confined within a narrow band.
- Publisher
- coindesk
- Reliability
- high
- Published
- 10/7/2026, 11:35:59 AM
- Retrieved
- 10/7/2026, 11:35:59 AM
- Relevance
- 80%
- Confidence
- 85%

