BTC Rebounds Above $86K as Privacy Coins ZEC and XMR Lead Altcoin Surge

23.11.2025 09:58 1 sources positive
BTC BTC $92427.10 +2.24%
ZEC ZEC $439.70 +10.57%
XMR XMR
BCH BCH
WLFI WLFI $0.15 +0.39%

Bitcoin (BTC) staged a modest recovery over the weekend, climbing past $86,000 after hitting a seven-month low below $81,000 on Friday. This decline was driven by increased selling pressure from whales and outflows from spot Bitcoin ETFs, leading to a rapid drop of over $8,000 in just 12 hours. The bulls intervened, helping BTC hold above $80,000 and gradually push higher, with its market capitalization rising to $1.720 trillion and dominance over altcoins near 57%.

Altcoins showed mixed but notable movements. Zcash (ZEC) surged by 14% to approach $580, while Monero (XMR) jumped 16% to $400, making them top performers. Bitcoin Cash (BCH) and WLFI also exploded with double-digit gains, reaching $545 and $0.14 respectively. In contrast, ZEC had previously plunged 18% to $522 in earlier trading, highlighting volatility. Other altcoins like XRP, BNB, SOL, DOGE, and ADA posted minor gains, contributing to a total crypto market cap reclaiming the $3 trillion mark after erasing over $300 billion earlier in the week.

BTC BTC $92427.10 +2.24%
BTC shows recovery momentum after testing $81K support, driven by whale accumulation and institutional confidence from BlackRock/Trump endorsements. The rebound above $86K suggests renewed bullish sentiment, though ETF outflows remain a near-term headwind. Long-term outlook strengthened by $100K cycle predictions and institutional store-of-value narrative, but volatility persists from regulatory scrutiny on crypto infrastructure.
Technical analysis
Mixed signals: RSI 61 shows room for upside, but ADX 55 indicates strong downtrend. MACD positive on lower timeframes, yet price below key EMAs on 4H. Volume decline suggests cautious recovery.
ZEC ZEC $439.70 +10.57%
ZEC surged 14% to $580, leading altcoin gains amid Bitcoin recovery. The privacy coin outperformed despite recent 18% volatility, suggesting strong speculative interest in privacy assets. Positive market sentiment with crypto cap reclaiming $3T provides tailwinds. However, ZEC's leadership in this rally indicates potential for continued momentum if privacy narrative strengthens, though volatility remains elevated.
Technical analysis
RSI at 54-57 suggests neutral momentum with room for upside. MACD positive on shorter timeframes confirms recent bullish momentum. Price above key EMAs supports continuation, though volume decline indicates weakening participation.
XMR XMR
XMR surged 16% to $400, leading altcoin gains amid broader crypto recovery. The privacy coin's strong performance reflects renewed institutional interest in privacy-focused assets and market rotation from Bitcoin weakness. Short-term momentum appears driven by technical breakout and sector rotation, though regulatory uncertainty remains a long-term headwind. The rally demonstrates XMR's resilience during market stress, suggesting continued institutional accumulation despite regulatory pressures.
Technical analysis
RSI at 71.15 (15m) shows overbought conditions, while MACD positive at 1.52 confirms bullish momentum. High volume (1572 vs 845 MA) supports breakout validity. Stochastic at 90+ indicates near-term exhaustion risk despite strong momentum.
BCH BCH
BCH surged with double-digit gains amid broader crypto recovery, reaching $545 as Bitcoin rebounded above $86K. The rally reflects renewed altcoin momentum and market cap reclaiming $3 trillion. However, the news lacks BCH-specific catalysts, suggesting momentum-driven rather than fundamental growth. Short-term outlook depends on Bitcoin stability and continued altcoin rotation. Long-term sustainability requires BCH-specific adoption drivers beyond general market sentiment.
Technical analysis
Strong bullish momentum on 4H: MACD at 13.76, RSI 59.71 not overbought, ADX 32.19 confirms trend strength. Price above key EMAs (EMA20: 526.6, EMA50: 512.03) supports continuation. Volume surge (rvol 0.29) validates buying pressure.
WLFI WLFI $0.15 +0.39%
WLFI surged with double-digit gains to $0.14 amid broader crypto recovery, benefiting from Bitcoin's rebound above $86K and altcoin momentum. However, regulatory scrutiny mentioned in Eric Trump's comments creates fundamental headwinds. Short-term momentum appears driven by market-wide relief rally rather than WLFI-specific catalysts. Long-term outlook remains cautious due to regulatory overhang despite current technical strength.
Technical analysis
Strong bullish confirmation: 4h RSI at 55.58 shows room for upside, MACD turning positive at 0.01, and high stochastics (75.22) indicate momentum continuation. Volume surge supports breakout above key EMAs.
Sources
XMR, ZEC Skyrocket Again as BTC Price Recovery Continues: Weekend Watch
cryptopotato.com 23.11.2025 09:48
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