QNT and NIGHT Continue to Defy Market Correction, BTC Settles After Wild Ride: Weekend Watch

In contrast, PENGU and LIT have slumped hard. Although the US labor market showed clear signs of a cooldown on Friday, which, overall, should be bullish for risk-on assets, BTC’s price surge was halted in its tracks, and the asset plummeted hard in the following hours before finally calming at $84,500. The larger-cap altcoin field is deep in the red today, with ETH losing the $2,700 support once again, and XRP slipping below $1.50. QNT and NIGHT, though, are in a different league. BTC Calms After Big Volatility The business week began on the wrong foot for BTC, which was stopped at $85,000 and slipped below the key $83,000 support on several occasions in the next few days. However, the bulls managed to defend that level and initiated a leg up that challenged the upper boundary of the tight trading range at $85,000. The biggest breakthrough mid-week came after the Wednesday PCE data release, when bitcoin skyrocketed from $83,000 to $85,600 within hours. However, it was rejected almost immediately and plummeted toward its starting point. It remained sideways on Thursday before it started to climb again on Friday. The bulls got assistance from the softer-than-expected US jobs report, ...