Bitcoin consolidates around $86,000, historic altcoins rising

Return of the elders. Bitcoin consolidates around $86,000 and it is cryptos born before 2017 that are driving the market on September 23. XRP gains 5% in 24 hours, Dogecoin flirts with $0.10 and Zcash, which knocked Dogecoin out of the top 10 last week, gets its first product listed in Europe.

XRP leads the altcoin pack

This morning, XRP is trading around $1.58, up about 5% over 24 hours and 12% over a week. Ripple’s token has broken through the resistance zone of $1.49 to $1.54, which analyst Egrag Crypto presented as the real test. More than $6.6 billion changed hands in one day.

The heavyweights follow, without shining. Ether is hovering around $2,730. Solana remains around $117 after hitting its highest since January on Monday, driven by $18 million in short positions liquidated.

Dogecoin: 2013 meme finds buyers in suits

On Monday, September 21, Dogecoin jumped up to 15% to reach $0.105, its highest level since June. It has since fallen back to just below $0.10. And for once, no tweet from Elon Musk at the origin of the movement.

Fuel is more prosaic. Spot Dogecoin ETFs saw $909,650 in net inflows on the same day, their best session since January. Whales (wallets that hold massive amounts) have been accumulating, and the announcement of Still keep a cool head. Compared to the 999 million entered into bitcoin ETFs on the same day, these flows remain a drop in the ocean.

Zcash, Bitcoin Cash, Uniswap: historic altcoins enter through the front door

On Tuesday, 21Shares listed the first European ETP backed by Zcash on Euronext Paris and Amsterdam, as well as a product on ETHFI, the token of the Ether.fi staking protocol, according to Cointelegraph. Both products actually hold the tokens with a third-party custodian and charge 2.5% annual fees. It's expensive. But a French saver can now gain exposure to the confidentiality cryptocurrency from a simple securities account, in euros.

The same day, the CME in Chicago, the world's leading derivatives marketplace, announced the arrival of futures contracts on Bitcoin Cash and Uniswap on October 19, subject to regulatory green light. A standard contract will be for 250 BCH or 10,000 UNI, and the micro versions for a tenth. Both join XRP, Solana, Cardano, Chainlink, Stellar, Avalanche and Sui in the CME lineup.