Altcoins rallied broadly as bitcoin consolidated near $84,000, with 93 of the 100 assets tracked by the CoinDesk 100 rising over the past 24 hours.
Quant was the strongest performer, gaining 39%, while the altcoin season index reached its highest level in more than three months. The index is used to measure whether alternative cryptocurrencies are outperforming bitcoin.
Bitcoin was trading at $84,342, unchanged since midnight UTC. It has climbed from below $63,000 in August to almost $87,000 on Tuesday.
Compute and decentralised finance tokens led the advance. The CoinDesk Computing Index rose 9.5% in 24 hours, while the DeFi Select Index increased 8.7%. Both outperformed the blended benchmark, which gained 2.5% over the same period.
The wider market showed little immediate reaction to the reported $351.6 million hack at cryptocurrency exchange Bitget. The company said its $464 million protection fund was sufficient to cover the loss, while withdrawals were suspended as the incident was reviewed.
A market snapshot listed bitcoin at $84,020.05, up 0.38%, with Chainlink at $13.93, up 5.76%, and Ondo at $0.54, up 7.43%.
The move higher came alongside several other developments in the cryptocurrency sector. The Blockchain Association reported a leadership change shortly after the crypto Clarity Act failed to advance. Circle and Tether also moved to freeze a hacker’s wallet following the Bitget heist.
Other reports said Strategy was proposing daily dividends to move STRC back towards $100, while bond volatility increased even as bitcoin and Wall Street remained relatively calm.
Bitcoin exchange-traded fund flows turned positive for 2026 after previously recording a $5.8 billion deficit. Elsewhere, KelpDAO filed a lawsuit against LayerZero over what was described as the largest exploit of 2026 so far.
Tether confirmed that it had minimal exposure to EQIBank after an $89 million seizure of US assets. A report also examined the growing use of tokenisation and suggested that the sector was progressing more quickly than regulatory efforts in Washington.
Stablecoins were another focus, with a report on the Asia-Pacific region examining regulations, use cases and RLUSD’s role as stablecoins move into regulated finance.
