Viral Altcoin Defies Market Slumber With 53% Surge, BTC Calms at $83K: Weekend Watch

Big gains are also seen by AERO and TIA over the past 24 hours. Bitcoin’s weekend sluggishness continues as the asset has barely moved from $83,000 over the past 36 hours, but more volatility is likely to hit later today or tomorrow morning. The larger-cap alts have also failed to produce any significant moves in either direction in the past day, but there’s a new rockstar among the mid caps. BTC Calms at $83K The primary cryptocurrency started October with a bang, surging to over $87,000 on the second day of the month. However, the bears quickly interfered and pushed it south to under $84,000 on the same day. It rebounded last weekend toward $85,000 before it tried to break out again on Monday morning, only to be stopped at $86,600 this time. The following legs down were a lot more painful. At first, bitcoin crashed to $83,600. It bounced to $84,400 before the bears took complete control of the market and drove it south to $82,400 on Wednesday and to a multi-week low of $80,400 on Thursday. After losing nearly $7,000 in just a few days, the cryptocurrency was due for a rebound, which took place on Friday. However, the bulls’ attempt was stopped at $83,500. Since then, the asset ha...