Bitcoin traded near the $85,000 mark on September 27, recovering from a dip to the $83,000 support level on Friday. Quant (QNT) emerged as the day’s top gainer, surging as much as 75% to over $190 following the announcement that The Clearing House selected Quant for its On-Chain Money Initiative. WLD, PYTH, GRAM, and RAY also posted impressive daily gains.
Bitcoin remained in a tight trading range over the weekend, gradually moving toward the $85,000 price point. The asset successfully defended the $83,000 support level on Friday after experiencing multiple rejections at higher price points earlier in the week. The cryptocurrency had previously topped out at $87,300, marking its highest level in eight months, before bears pushed it back down to the $83,000 range.
Quant (QNT) recorded the most significant daily increase among the top 100 altcoins, with a price surge of 75% that drove it to over $190 before settling at around $160. The rally was likely triggered by the recent announcement that The Clearing House had selected Quant to support its On-Chain Money Initiative, according to market observers.
Several other digital assets delivered strong performances over the past 24 hours. WLD, PYTH, GRAM, and RAY all posted double-digit percentage gains, according to market data. Zcash (ZEC) climbed more than 8% to trade above $1,650, while NEAR reclaimed the $5 level following a 5.4% advance.
Solana (SOL) approached the $125 mark after gaining roughly 3%, with Ethereum (ETH), BNB, LINK, and HYPE also recording modest increases. Conversely, XRP, DOGE, and TRX experienced slight losses during the same period.
Bitcoin’s market capitalization reached $1.7 trillion, with its dominance over alternative cryptocurrencies holding steady at 58.6%. The total cryptocurrency market capitalization rose slightly to $2.910 trillion.
