Bitcoin Eyes $87,000 Resistance
Bitcoin surged past $87,000 following the release of a weaker-than-expected US jobs report, with softer inflation data and increased institutional demand supporting the recovery. The latest PCE data showed core inflation rising 0.2% month-over-month and approximately 3.0% annually, both below expectations. September's jobs report added only 29,000 positions, reducing concerns about additional monetary tightening from the Federal Reserve.
However, the technical setup shows mixed signals. While the $87,000-$87,500 resistance level remains the first significant obstacle, trading volumes remain comparatively weak. A decisive break above this level could potentially open the path toward the $95,000 zone. Data cited by Glassnode indicates relatively limited profit-taking compared with previous market tops, though selling by long-term holders has recently increased.
Hyperliquid Reaches Consecutive All-Time Highs
Hyperliquid's native token has been among the strongest market performers, reaching consecutive all-time highs as protocol activity and ecosystem development expand. The protocol introduced manual borrowing through HyperCore on September 18, allowing users to use HYPE and BTC as collateral to borrow USDC or USDT. Borrowing volume reached almost $270 million on the first day.
The project also launched trailing-stop orders for perpetual markets. The platform's tokenomics direct 99% of fees toward the Assistance Fund to repurchase HYPE from the open market. Technically, whether the $90-$92 region can establish sustained support remains a key question for maintaining the bullish structure, with $85 serving as potential first major support in case of a pullback.
Zcash Prepares for Seventh Major Network Upgrade
Zcash has posted significant gains, reaching $1,600 for the first time in a decade, and is up over 1,000% in the past year. The network's seventh major upgrade received overwhelming voter support and is scheduled to activate on November 5. The upgrade will reduce block time from 75 seconds to 25 seconds, effectively tripling the block production rate.
Voters also retained Zcash's existing halving structure, which mirrors Bitcoin's issuance model. Recent data shows that 29% of the existing ZEC supply is currently held in shielded pools, with another 4 million tokens moving into the newer Ironwood pool.
Kaspa Tests Developer Adoption on Upgraded Network
Kaspa has focused on expanding developer capabilities through the Tokata hard fork, which introduced UTXOs, covenants, transaction introspection, and native zero-knowledge verification. These additions position the network beyond its original role as a high-throughput proof-of-work payments network.
Silverscript 1.0, released in September, added higher-level tools for building covenant logic, including vaults, escrow mechanisms, and time locks. The .k name service also launched in September, allowing Kaspa addresses to be replaced by readable names, with several thousand registrations recorded within the first few days. KAS has risen approximately 50% in the past month, bringing the $0.50 psychological level back into focus. The key question remains whether network usage will match the pace of technological development.
