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Following
ARB 
BTC 
HYPE 
LSK 
NEAR 
SOL 
STRK 
UNI 
ZEC Altcoin holders received significant gains on Friday, as the overall rise in the crypto market pushed major tokens up sharply in the past 24 hours.
Bitcoin also regained its US$78,000 mark, which had been put under pressure on its price due to the stagnation of the CLARITY bill and concerns raised by the Federal Reserve's recent interest rate hike. As market sentiment repaired, Bitcoin's recovery consolidated three days of positive momentum.
Market Overview and Performance Leaders
According to the latest data from CoinMarketCap, the overall market value of the cryptocurrency sector increased by 2.55% to approximately US$2.68 trillion. Among the top 100 tokens by market capitalisation, most showed green trading status during the same period, reflecting the broad recovery of the market.
Several tokens performed well, with Starknet (STRK), Arbitrum (ARB), Uniswap (UNI), Hyperliquid (HYPE), Zcash (ZEC), Solana (SOL) and NEAR all among the coins with the largest increases in the past 24 hours. In terms of weekly performance, Lisk (LSK), Arbitrum, GEODNET, NEAR, Zcash and Uniswap were listed as the leading gainers.
Arbitrum's ARB token has risen 167% in the past month, mainly due to a surge in the flow of tokenized real-world assets. At the same time, Zcash approached the $1,500 mark after a major "short squeeze" on September 17, which cleared $56.35 million in short positions.
Mini Dictionary: Short Squeeze refers to a market phenomenon in which market prices rise rapidly, forcing traders who short the asset to buy and close positions, thereby further accelerating the price increase and causing traders holding short positions to suffer huge losses.
Rising activity in crypto derivatives further supported spot prices, with cumulative open interest rising nearly 5% to US$141.2 billion.
Macroscopic Environment and Market Sentiment
This extensive market rebound occurred against the backdrop of greater macroeconomic pressure. On Tuesday, the price of Bitcoin briefly fell below $75,000 because the CLARITY bill failed to receive enough votes in Congress. Subsequently, the Federal Reserve raised interest rates for the first time in three years, and the Bank of Japan raised its benchmark interest rate to its highest level since 1993, exacerbating market challenges.
Despite these headwinds and the fact that September has traditionally been the weakest month for Bitcoin, BTC managed to limit its monthly decline to 1.5% and maintained a gain of approximately 32% during the quarter.
Traders 'Views and Institutional Sentiment
分析师普遍认为，卖方动能已经减弱，比特币可能已在本轮周期中找到底部。知名商人兼投资者凯文·奥莱瑞（Kevin O’Leary），即电视节目《创智赢家》（Shark Tank）中的评委，在 Avalanche 峰会上表示，他已开始为即将到来的市场周期建立新仓位。但他预计，CLARITY 法案在中期选举前难以取得进展。
市场参与者观察到，像凯文·奥莱瑞这样的大型买家回归，加上卖盘枯竭和未平仓合约上升，表明尽管政治和宏观经济存在不确定性，市场正重新展现出看涨动能。
