Emmy Zaaa (emmyzaaa)

The price of Bitcoin edged higher early Tuesday, while other major cryptocurrencies also climbed as digital assets picked up some momentum from the stock market’s rebound.

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Crypto markets broadly retreated after weaker-than-expected U.S. ISM Non-Manufacturing PMI data heightened stagflation concerns. Bitcoin fell 0.76% to $113,000, while Ethereum dropped 2.43% below $3,600 on early Asian trading hours. XRP is trading at $2.92, 4% down in the past 24 hours. Riskier sectors saw steeper losses, SocialFi plunged 6.04%, NFTs slid 5.56%, and meme coins fell 5.17%. Toncoin, Pudgy Penguins, and Bonk were among the biggest losers. Despite the broader pullback, select assets like Mantle (+8.55%) and Pump.fun (+5.90%) defied the trend, showing sector-specific resilience.

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Bitcoin and altcoins rose in unison on Wednesday with the BTC price hitting its highest point, $117,300, since Aug. 22. The bullish drive was spurred by the Federal Reserve rate decision later in the day, with investors expecting the start of a rate cut cycle. Altcoins continue to chip away at bitcoin dominance as investors continue to seek speculative bets with higher potential returns

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