Bitcoin’s price actions have calmed once again during the weekend, and the asset has retraced by a grand since the ,500 peak registered earlier. Most altcoins have also corrected on a daily scale, aside from Ripple’s native token, which has soared past %excerpt%.62 for the first time since early August. BTC Falls Short at K Last weekend went in a similar fashion, as the largest digital asset slipped from ,000 to around ,000. However, it went on the offensive once again on Monday and jumped past ,500. After a brief retracement, the asset aimed at that level once again but was stopped on Thursday and pushed below ,000. This is where the bulls really stepped up on the gas pedal and propelled a rally that drove bitcoin to ,500 on Friday morning. This became its
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Bitcoin’s price actions have calmed once again during the weekend, and the asset has retraced by a grand since the $66,500 peak registered earlier.
Most altcoins have also corrected on a daily scale, aside from Ripple’s native token, which has soared past $0.62 for the first time since early August.
BTC Falls Short at $66K
Last weekend went in a similar fashion, as the largest digital asset slipped from $64,000 to around $63,000. However, it went on the offensive once again on Monday and jumped past $64,500.
After a brief retracement, the asset aimed at that level once again but was stopped on Thursday and pushed below $63,000. This is where the bulls really stepped up on the gas pedal and propelled a rally that drove bitcoin to $66,500 on Friday morning. This became its highest price tag in about two months.
BTC has lost some traction since then. It dropped to $66,000 yesterday and has slipped south by another $500 despite the massive inflows toward the spot Bitcoin ETFs in the States.
Still, the asset is up by 4% on a weekly scale. Its market cap has declined slightly to just under $1.3 trillion, but its dominance over the alts is up to 53.9% on CG.
XRP on the Run
Most larger-cap alts have mimicked BTC’s performance in the past 24 hours with minor losses. ETH and BNB have declined by just over 1% to $2,646 and $595, respectively. TON, AVAX, and SHIB have dumped by up to 3% in a day, and so have APT, XMR, STX, KAS, and others.
Dogecoin is among the few with notable increases on a daily scale. The largest meme coin has gained more than 3% and sits above $0.125 amid speculations that it could surge to $0.15 soon.
Still, XRP has emerged as the top performer since yesterday. The token has soared by 6% and now trades close to $0.63, which is its highest level since August 8.
Overall, though, the total crypto market cap has seen $30 billion gone overnight and is below $2.4 trillion now.
