Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), and Kaspa (KAS) face major technical and fundamental tests this week as Bitcoin trades near $87,000 following key macroeconomic developments in the United States.
Key Takeaways:
- Bitcoin (BTC) tested resistance at $87,000-$87,500 after September payrolls added only 29,000 jobs and core PCE inflation rose 0.2% monthly.
- Hyperliquid (HYPE) generated $270 million in first-day borrowing volume following its HyperCore launch, backed by a 99% fee repurchase structure.
- Zcash (ZEC) topped $1,600 ahead of its November 5 upgrade that will reduce block times from 75 seconds to 25 seconds.
- Kaspa (KAS) gained 50% over the past month toward $0.50 after releasing Silverscript 1.0 and its .k domain service.
Bitcoin Tests Critical Resistance Above $87,000
Bitcoin pushed past $87,000 on Friday after softer macro data eased fears of additional monetary tightening from the Federal Reserve. Core PCE inflation rose 0.2% month-over-month and 3.0% annually, matching or coming under forecasts, while nonfarm payrolls grew by just 29,000 jobs in September.
Despite the push higher, Glassnode data reveals increased selling by long-term holders alongside muted overall trading volume. Bitcoin's rejection at $87,200 previously demonstrated the sensitivity of this range. Analysts note that a confirmed move above $87,000-$87,500 could open momentum toward the next major selling target near $95,000.
Network Upgrades Drive HYPE, ZEC, and KAS Action
Decentralized exchange Hyperliquid has seen token strength following the September 18 launch of manual borrowing on HyperCore. Users can stake HYPE and BTC collateral to borrow USDC or USDT, generating nearly $270 million in volume on day one. Protocol tokenomics direct 99% of trading fees to the Assistance Fund for open-market HYPE buybacks. Technical support currently rests in the $90-$92 range, with secondary support at $85.
Zcash has rallied more than 1,000% over the past year and topped $1,600 for the first time in ten years. The project's seventh network upgrade activates on November 5, reducing block generation times from 75 seconds to 25 seconds while keeping its original halving schedule. Currently, 29% of the circulating supply resides in shielded pools, with 4 million tokens moved into the new Ironwood pool amid fluctuating Zcash ETF flows.
Kaspa has surged 50% over the past month, pushing its price toward the $0.50 psychological level. Recent developments include the Tokata hard fork—which added UTXOs, covenants, and zero-knowledge verification—and the September release of Silverscript 1.0 for programmable contracts. Additionally, the .k name service recorded several thousand address registrations in its initial days.
Why It Matters
The simultaneous strength in Bitcoin and targeted altcoins illustrates how macroeconomic factors and protocol upgrades are dividing market activity. While Bitcoin's trajectory depends heavily on Federal Reserve policy and institutional demand, tokens like HYPE, ZEC, and KAS are forging independent momentum through supply mechanics, speed improvements, and smart contract capability. For traders, the key signal will be whether actual network usage can sustain these prices if broader spot volumes remain quiet.
