Bitcoin (BTC) Rejected at $80K, Ripple's XRP Plunges Hard as Rally Cools: Market Watch
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Bitcoin (BTC) Rejected at $80K, Ripple's XRP Plunges Hard as Rally Cools: Market Watch
Bitcoin’s rally that began a week ago culminated yesterday with a surge to over $81,000 for the first time since May, when the asset was halted and driven south by a few grand. Most larger-cap alts followed a similar trajectory, with XRP slumping by over 4%, while ZEC dumped by more than 7% after the debut of Grayscale’s ETF. BTC Stopped at $81K The primary cryptocurrency exploded out of the gate last Wednesday. It stood below $65,000 for weeks …
Bitcoin back at $79K after $81K rejection: why did the rally hit a wall?
Bitcoin slipped back towards $79,000 on Wednesday after its explosive rebound ran into resistance above $81,000, giving traders a serious test of whether the recovery has enough genuine buying behind it. The cryptocurrency reached an intraday high of $81,265 on Tuesday, its strongest level in three months, before retreating. Bitcoin has still gained about 24% since August 17, but the rejection came after a rapid move fuelled partly by forced sho…
Bitcoin Slips to $79K as XRP Leads Crypto Market Pullback
Bitcoin slipped toward $79,000 during Asian trading on Wednesday as investors locked in profits following a powerful week-long rally that pushed the worlds largest cryptocurrency up about 23%. Bitcoin fell nearly 1% on the day, while several major altcoins recorded steeper losses. XRP led the decline, dropping more than 4% to just above $1.44. Despite the pullback, XRP remains one of the strongest performers this week, gaining nearly 45%. Zcash …
Bitcoin Slips Below $79K as Record Whale Profits Test the Rally
Bitcoin has pulled back below $79,000 after briefly trading above $80,000. New whales recorded their largest realized-profit event on record. BTC remains above its short-term moving averages despite cooling momentum. The market now faces a test of whether fresh demand can absorb whale selling. Bitcoin slipped back below $79,000 on August 25 after its sharp weekly advance triggered unprecedented profit-taking among recently accumulated large hold…
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