Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness
BTC holds at $62,800 after last week’s brush with $58,000, while LIT surges 50% and the Altcoin Season indicator hits its highest reading in three months.
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Summary
- Bitcoin is trading at $62,800, recovering from a July 1 dip below $58,000 that raised concerns of a slide toward $50,000.
- Both bitcoin and ether have dropped since midnight UTC, diverging from Nasdaq 100 and S&P 500 futures, which rose after the long weekend.
- Lighter (LIT) is emerging as a focal point for traders seeking the next hyperliquid, rising 13.5% in 24 hours and more than 50% in a week as its decentralized derivatives exchange accumulates $40 billion in 30-day trading volume.
- CoinMarketCap’s Altcoin Season indicator climbed to 52/100, its highest in three months.
