- Flare (FLR), Bittensor (TAO) and Ondo Finance (ONDO) are top gainers with between 17% and 28% spikes in 24 hours.
- Altcoins have soared amid broader market’s reaction to US President Donald Trump’s tariff pause.
- Bitcoin (BTC) is looking for support above $80k.
Flare, Bittensor and Ondo Finance are among top gainers in the cryptocurrency market’s top 100 by market cap.
The altcoins, which have soared between 17% and 28% in the past 24 hours, have benefitted from the broader market’s reaction to US president Donald Trump’s tariff pause. Notably, FLR, TAO and ONDO are rising as Bitcoin (BTC) seeks a fresh leg up after bouncing to above $82k.
Will BTC hold gains above $80k?
Bitcoin continues to show resilience as it eyes a key support level amid a broader market upswing.
The leading cryptocurrency currently shows a 24-hour gain of 6.5%, trading near $82,000, with a 24-hour trading volume of $76.2 billion.With this metric up 38%, it reflects strong market participation as investors look to buy the recent dip.
A look at technical indicators shows the Relative Strength Index (RSI) at 47, while the Moving Average Convergence Divergence (MACD) suggests a potential bullish crossover. If the MACD line moves above the signal line, it would hint at likely upward momentum.
As noted above, crypto mirrored stocks as markets reacted higher on news of President Trump pausing proposed tariffs. It’s a move that Mohamed A. El-Erian, in a CNBC interview, came as the Fed came close to intervening amid market malfunction. It helped risk assets.
However, Arthur Hayes, in an X post, cautioned that while the tariff pause might boost short-term sentiment, underlying economic uncertainties could still pressure BTC if global liquidity tightens.
FLR price outlook
Flare (FLR) emerged as one of the top gainers in the early hours on Thursday, soaring 27% over the past 24 hours to trade at $0.015.
The altcoin saw a significant spike in trading volume, reaching $50.3 million, as investors piled into the layer-1 blockchain known for its data-focused solutions.
From a technical perspective, FLR’s RSI climbed to 53, signaling potential for a near-term continuation. The MACD was also bullish with the MACD line well above the signal line.
Bittensor and Ondo price today
Bittensor (TAO) also joined the list of top performers, gaining 18% to reach highs of $236, with a 24-hour trading volume of $191 million.
Altcoin’s positive reaction to Trump’s tariff pause also saw Ondo (ONDO) soar 18% to a high of $0.86. The ONDO token recorded a notable 24-hour trading volume of $375 million, underscoring strong demand for the DeFi token.
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