Crypto market consolidates sideways, L2 scaling and modular sectors lead gains, chain gaming token MAGIC surges nearly 40%.

BlockBeats news, October 12 — According to HTX market data, the crypto market remained range-bound, with Bitcoin edging up this morning to break above $84,000, a 24-hour gain of 0.82%. Ethereum is now at $2,535, BNB at $754, SOL at $111, and HYPE at $86.7. ZEC performed well, rising 4.48% in 24 hours to $1,277. The total crypto market cap declined 0.3% in 24 hours to $2.894 trillion.

On the altcoin front, Layer 2 scaling, especially ZK and modularity-related sectors, stood out the most, with STRK, LUMIA, PLUME, MANTA, MEGA and others rallying collectively, backed by network upgrades, quantum resistance, and RWA narratives. Next, high-performance Layer 1, cross-chain interoperability, blockchain gaming, and DePIN sectors showed strong performance, with MAGIC leading the market, followed by IO, RLC, FIL, EIGEN and others. The top-gaining altcoins are:

MAGIC up 38.96% in 24 hours, at $0.1359;

CKB up 32.10% in 24 hours, at $0.001930;

S up 27.81% in 24 hours, at $0.06090;

W up 24.26% in 24 hours, at $0.02187;

LUMIA up 21.44% in 24 hours, at $0.1246;

PLUME up 21.21% in 24 hours, at $0.02280;

STRK up 20.52% in 24 hours, at $0.12490;

IO, DYM, BAT, NEAR, METIS, ICP, EIGEN rose over 10% in 24 hours;

NIL, MANTA, FIL, RLC, MEGA, Binance Life, FLUX, CFX, ETHFI, ENA and others rose nearly 10% in 24 hours.