As Bitcoin maintains its position above $62,600, the altcoin market sees renewed optimism. Upcoming key U.S. economic reports create anticipation among investors.

Altcoin Market Overview

Key U.S. economic reports, including Fed minutes and September inflation data, are set to be released soon. This could impact the cryptocurrency market, particularly altcoins like AVAX, XRP, DOGE, and BNB.

Price Movements of AVAX and XRP

XRP recently climbed past $0.66, driven by excitement over Bitwise's ETF application. However, SEC's legal actions reversed this trend, bringing the price down to about $0.50. Investors await clarity on SEC's strategy. AVAX is seeing strong buying interest at around $26.98.

Analysis of DOGE and BNB

After losing support at $0.105, DOGE fell to $0.10. If Bitcoin continues its rise, DOGE may test $0.132 again. BNB's price dipped below the critical $595 level, settling at $535. Should corrections continue, it might approach $472. If BNB surpasses $595 again, a rebound is possible.

Market analysts suggest that upcoming U.S. economic indicators will play a crucial role in determining the direction of altcoins. Investor sentiment may rely heavily on how this data affects Bitcoin and the wider cryptocurrency market.