Bitcoin surpassed $86,500 on Tuesday, pushing the total cryptocurrency market capitalization above $3 trillion. The Crypto Fear and Greed Index currently stands at 79, while the Altcoin Season Index is at 49. Bitcoin has entered a golden cross pattern, with potential targets at $90,763 and $95,074.
Market sentiment remains optimistic, with prediction platform Myriad showing a 48 percent probability of Bitcoin reaching $90,000 this month. Altcoins have also seen gains, with XRP reaching $1.57 and Solana rising 18.2 percent over the week. Zcash increased by 36.7 percent over seven days to reach $1,551.
Wall Street performance remains strong, as the Nasdaq Composite reached a record high on Monday. Intel shares rose 12 percent, while AMD gained 10 percent, pushing its market capitalization above $1 trillion. Meanwhile, oil prices declined, with Brent crude falling below $98 and WTI dropping under $93 per barrel.
The Federal Reserve raised interest rates by 25 basis points to a range of 3.75 percent to 4 percent on September 16. Despite the rate hike, the central bank continues to purchase short-term Treasury bills, maintaining bond holdings near $6.7 trillion. The next policy meeting is scheduled for October 27-28.
