STRK Surges 53% While Bitcoin Holds Near $83,000

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STRK Surges 53% While Bitcoin Holds Near $83,000
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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STRK jumped over 53% to almost $0.11 on October 11 while Bitcoin held near $83,000. Larger-cap altcoins barely moved, and TIA and AERO also posted double-digit gains.

STRK skyrocketed by over 53% to almost $0.11, even as the rest of the crypto market stood still. The token is also up by over 105% in the past week.

Bitcoin stalls at $83,000 after a drop to $80,400

Bitcoin has barely moved from $83,000 over the past 36 hours, though more volatility is likely later today or tomorrow morning. The source links that risk to new attacks against Saudi Arabia and a hint from President Trump that the US could join the fight.

The month began strongly. Bitcoin surged to over $87,000 on October 2, but sellers pushed it back under $84,000 the same day. A Monday breakout attempt stalled at $86,600.

The following legs down were more painful. Bitcoin fell to $82,400 on Wednesday and to a multi-week low of $80,400 on Thursday, a drop of nearly $7,000 in a few days. A Friday rebound was stopped at $83,500.

Bitcoin's market cap remains at $1.660 trillion, and its dominance over the alts stands at 59.5% on CMC.

Larger caps flat while mid caps move

Most larger-cap names showed little change. ETH is close to $2,500, and XRP has dipped below $1.40, while ZEC and HYPE are up by around 1%. BNB, SOL, TRX, DOGE, XMR, LINK and ADA are slightly in the red.

Among mid-cap altcoins, TIA rose 21% and trades close to $0.60. AERO gained 15% and is up to $1. The cumulative market cap of all crypto assets stands at $2.8 trillion on CMC.

Source: CryptoPotato

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