Bitcoin passes above $80,000 again, but Zcash and MemeCore perform better

The cryptocurrency market is regaining some color, but not all assets benefit from the recovery at the same pace. On October 27, Bitcoin passed above 80,000 dollars after a hesitant session, while Zcash and MemeCore showed greater gains. This development comes ahead of the US Federal Reserve’s decision on interest rates. Between investor caution, speculative movements, and news specific to certain projects, the market shows contrasting trends.

Bitcoin passes above $80,000 after a hesitant session

The bitcoin price was around 80,880 dollars at 9:10 p.m. UTC on October 27, according to CoinMarketCap data. This recovery comes after several days of low activity, marked by loss-selling from recent buyers. However, crossing the symbolic threshold is not enough to confirm a sustainable trend change. Investors remain cautious ahead of several events that may influence upcoming sessions.

The day began with another dip below 80,000 dollars. Buyers then regained control during the second part of the US session, allowing the market to climb. Over 24 hours, BTC gained 1.2%, with an hourly increase of 0.28% at the end of the day. Despite this rebound, the asset still showed a 2.52% decline over seven days.

Ether saw a stronger daily gain, rising 1.8% to 2,350 dollars. However, it recorded a weekly drop of 4.4%, greater than bitcoin’s over the same period. The report also highlights that major investors are adopting a bearish position for the first time since June. This suggests that the current rebound relies more on cautious buying than a general willingness to take on more risk.

Zcash and MemeCore lead crypto market gains

The best performances on October 27 were mostly among other cryptocurrencies. Here are the figures from CoinMarketCap’s 24-hour gain list. Tuesday evening:

• MemeCore (M): +12.3% – $1.06.
• Zcash (ZEC): +6.3% – $1,304.
• Pepe (PEPE): +5.7% – $0.0000045.
• Stable (STABLE): +5.1% – $0.027.
• NEAR Protocol (NEAR): +4.6% – $4.6.
• Bitcoin Cash (BCH): +4.4% – $291.
• Dash (DASH): +4.35% – $55.
• Hyperliquid (HYPE): +4.3% – $81.
• SPX6900 (SPX): +4.1% – $0.38.

These performances show that several assets benefited from the return of buyers, but their gains remain very different. MemeCore stands out clearly, while other tokens on the list show more moderate movements.

This distribution does not necessarily reflect a general rotation of capital towards altcoins. The observed increases remain relatively limited for most assets and can be explained by factors specific to each project. Bitcoin’s stabilization may also have encouraged some investors to regain positions in more volatile cryptocurrencies. Nevertheless, available data does not confirm that capital is massively leaving leading cryptocurrencies.

Zcash benefits from several catalysts before an update

Zcash has benefited from several favorable factors at the same time. The privacy-focused project is set to celebrate its tenth anniversary on October 28. Meanwhile, Grayscale’s Zcash ETF posted its largest weekly inflows since mid-September. These two elements accompanied the ZEC rise to $1,304, a daily increase of 6.3%.

The technical calendar also draws attention to the network. The next update, called NU7, aims for a deployment around November 5. It is to reduce the target block time from 75 to 25 seconds. This announced change is another element for investors to watch, even if its direct effect on the price remains uncertain. The market thus combines project-related news and position movements on derivative markets.

The open interest on ZEC exceeded $1.5 billion, while significant short positions existed at the session start. A rapid increase can push some sellers to cover their shorts to limit losses. These buybacks can temporarily amplify the price rise. However, when this demand disappears, the movement can quickly fade. Dash, another cryptocurrency offering privacy options, gained 4.35% at the same time, despite a slight pullback at recording time.

Hyperliquid and meme tokens benefit from specific movements

Hyperliquid increased 4.3% to $81 in a context marked by a new access possibility for some US traders. Crypto.com has opened regulated perpetual futures under the CFTC to eligible US users. HYPE is among the five contracts launched. This offer gives concerned traders new access to perpetual contracts linked to the token, while Hyperliquid’s platform remains inaccessible to these users.

The timing of this announcement corresponds with the market rise, without proving it alone explains HYPE’s progress. The general rebound may also have supported its price. This distinction matters, as several assets moved based on their news rather than solely following main cryptocurrencies’ trends. Available data does not allow precise measurement of each factor’s share.

MemeCore showed the most marked movement, rising 12.3% to $1.06. Some analysts attribute its significant variations partly to limited liquidity, which allows relatively modest orders to strongly influence its price. Pepe and SPX6900 have a similar profile, with rapid movements when the market stabilizes. Conversely, these assets may suffer sharper drops if conditions worsen. Bitcoin Cash and NEAR rose by 4.4% and 4.6%, respectively, with no major catalyst noted this session.

Bitcoin awaits the Fed’s decision to confirm its rebound

The next important event concerns the US Federal Reserve, which is due to announce its decision on Wednesday, October 28, at 6 p.m. UTC. Markets estimate about a 90% probability of rates remaining unchanged. As this scenario seems widely anticipated, investors might mainly react to the central bank’s indications regarding monetary policy in December. These comments could alter expectations and influence risky assets.

From a charting perspective, the 80,000-dollar level remains central to tracking bitcoin’s evolution. The 23.6% Fibonacci retracement, around 80,370 dollars, sits just above this threshold. The 50-day moving average, near 81,866 dollars, represents another potential obstacle. Maintaining the price above 80,000 dollars on a daily close would strengthen the rebound’s solidity, but it would not guarantee an immediate continuation of the rise.

Conversely, dropping below this zone could weaken recent altcoin gains. Investors would then seek to determine whether Zcash, MemeCore, and other tokens’ performances can resist a new market decline. The October 27 session mainly shows increases linked to specific catalysts and differing liquidity conditions. Future reactions will depend as much on economic announcements as on buyers’ ability to hold their positions.

The Fed’s decision and its December indications will offer fresh perspectives on markets. If the price remains above 80,000 dollars, altcoins could keep part of their recent gains. Conversely, breaking this threshold would test their resilience. Bitcoin thus remains an important reference to assess the strength of this recovery, while Zcash and MemeCore will need to confirm their performances in upcoming sessions.