Bitcoin rose above $86,300 on Monday as softer U.S. labor market data supported growing expectations for Federal Reserve rate cuts. Bitcoin traded at $86,309, up 1.56%, while Ethereum stood at $2,725, up 1.09%.
Why it matters
The move links crypto’s gains to changing expectations for U.S. monetary policy. The snapshot puts total crypto market capitalization at $3.03 trillion, with Bitcoin dominance at 57.3%. The Fear & Greed Index registered 70, in the greed zone, while the Altcoin Index stood at 65/100.
Market impact
Several smaller tokens outpaced the major assets in the overview: Gitcoin gained 82%, LOFI 34.1%, KAIO 30%, Oraichain 28.5% and DIMO 28.2%. The figures show a broad range of moves, though the snapshot does not establish what drove each token’s gain.
The overview also lists funding rounds for Hyperlink, Walapay and Rip cars, alongside headlines on Blast’s planned shutdown and a reported October 26 withdrawal deadline. Investors will be watching whether labor data and rate-cut expectations continue to support crypto prices.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJThmrDWr063WqXhtRygTGVBCjx4JVIAAKCIGsb_K8YSjk7Zpljb71NAQADAgADeQADPQQ?sig=HIHInPc_-xcqQoT82wcoGFDxG2Xd1uaQ_5zaM6Ma4zQ)
Frequently asked questions
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What macro factor supported Bitcoin's move above $86,300?
Softer U.S. labor market data supported growing expectations for Federal Reserve rate cuts.
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How did Bitcoin and Ethereum perform in the market snapshot?
Bitcoin traded at $86,309, up 1.56%, while Ethereum stood at $2,725, up 1.09%.
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What did the market indicators say about overall sentiment?
Total crypto market capitalization was $3.03 trillion, Bitcoin dominance was 57.3%, and the Fear & Greed Index registered 70, in the greed zone.
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Which small-cap tokens posted the largest gains in the overview?
Gitcoin gained 82%, followed by LOFI at 34.1%, KAIO at 30%, Oraichain at 28.5% and DIMO at 28.2%.
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What was the Altcoin Index reading?
The Altcoin Index stood at 65/100 in the market overview.
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