Crypto Market Rallies as Bitcoin Spikes to $35K, Altcoins Surge
-
Bitcoin spiked to $35.5K as altcoins like solana rallied in a "mini altcoin season", lifting total crypto market cap to $1.3 trillion.
-
Analysts suggest the bitcoin price jump was caused by a short squeeze in derivatives markets.
-
Widening crypto rally continues, with solana, toncoin, and cro gaining 5%-10% in 24 hours.
-
Analyst recommends "aggressive accumulation of bitcoin" in November before a potential ETF verdict.
-
Risk-on sentiment in traditional markets, with gains in stocks and drops in gold, also supports crypto prices.