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coindesk.comSEP 253 min read$BTC-USD

Crypto shrugs off Bitget's $351.6 million hack as altcoins rally: Crypto Markets Today

Altcoins rallied, with 93 of 100 CoinDesk 100 constituents rising, as Bitcoin consolidated near $84,342. Compute and DeFi tokens led gains. Bitget reported a $351.6 million hack but stated a $464 million protection fund covers the loss. Traders rotated into altcoins as Bitcoin's recent surge stalled. Derivatives data showed mixed positioning, with some tokens like ZEC and LINK seeing increased activity.

Original reporting
coindesk.com
Published Sep 25, 2026, 1:15 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 25, 2026, 1:25 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefMarket movers
Primary signal
$BTC-USD
Neutral
medium confidence
Mentioned
$BTC-USD · $SOL-USD · $XRP-USD · $ZEC-USD · $LINK-USD · $ONDO-USD
Relevance
4/10
AlphAI data visualization · based on coindesk.com
Decision brief

The 30-second read

$BTC-USDNeutralLow
01

Why it matters

The market shrugged off the hack, indicating resilience; the rally is driven by capital rotation into higher‑risk tokens.

02

Market read

Crypto market shows strong altcoin momentum despite exchange hack, suggesting risk‑on bias.

03

What to watch

Potential hidden risk from the Bitget hack fallout; withdrawal suspensions may dampen sentiment if prolonged.

Relevance 4/10Novelty 2/10Timing: today

Background

Altcoins surged as Bitcoin steadied near $84k; Bitget hack was absorbed by a $464m protection fund.

Company-level read

Ticker impact

$BTC-USDNeutralMedium confidence
Context

Bitcoin price steadied near $84,000 as altcoins rallied.

Expected impact

Sideways or modest range‑bound movement.

Evidence & confidence

No new catalyst; price consolidation after recent surge.

$SOL-USDNeutralLow confidence
Context

Solana futures showed no activity despite broader rally.

Expected impact

Minor upside if rally persists.

Evidence & confidence

No specific catalyst for SOL.

$XRP-USDNeutralLow confidence
Context

XRP futures open interest unchanged amid altcoin rally.

Expected impact

Sideways to modest gain.

Evidence & confidence

No new event for XRP.

$ZEC-USDBullishMedium confidence
Context

ZEC price up 7% with 15.9% futures OI jump, indicating fresh buying.

Expected impact

Potential continued upside if buying pressure holds.

Evidence & confidence

OI outpacing price suggests new longs entering.

$LINK-USDBullishMedium confidence
Context

Chainlink up 3.7% with futures OI up 28%, outpacing price.

Expected impact

Likely modest further gains.

Evidence & confidence

OI growth indicates fresh buying.

$ONDO-USDBullishMedium confidence
Context

ONDO futures OI hit record as price reaches 2025 high.

Expected impact

Potential continuation of rally.

Evidence & confidence

Record OI supports price momentum.

Market effects

Sector

Altcoin rally reflects risk‑on sentiment after Bitcoin consolidation.

Regional

Global crypto markets show coordinated moves, with no regional divergence noted.

Global

Broad crypto market activity may influence risk appetite across equities and commodities.

Counterpoint

What could challenge this read

The rally could be short‑lived if Bitcoin fails to break higher, prompting profit‑taking in altcoins.

Key entities

  • Exchange
    Bitget

    Crypto exchange that suffered a $351.6 million hack.

  • Executive
    Gracy Chen

    CEO of Bitget, stated private key compromise ruled out.

Read at source← All news

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