Ripple’s XRP Joins Market Pullback as Bitcoin (BTC) Recovers From Sub-$112K Drop: Weekend Watch
Main Idea
Bitcoin and several altcoins experienced price declines, with BTC hitting a three-week low below $112,000, while the broader cryptocurrency market showed mixed performance with minor losses and gains among major altcoins.
Key Points
1. Bitcoin dropped to a three-week low below $112,000 after failing to challenge its all-time high and reacting to US Fed uncertainty.
2. ETH extended its decline away from $3,500, while SOL and DOGE dropped by around 1%.
3. XRP fell roughly 4% to under $2.9, joining other altcoins in negative territory.
4. The total cryptocurrency market cap dropped by almost $250 billion since Thursday, standing at $3.750 trillion.
5. Pi Network’s token rebounded slightly from its all-time low, gaining 4-5% to $0.36.
Description
Bitcoin’s ongoing correction took another turn for the worse hours ago when the asset slumped to a new multi-week low of under $112,000 before it recovered some ground. Many altcoins continue to trade indecisively, with ETH dropping further away from $3,500 and SOL close to breaking below $160. BTC Bounces Off $112K Bitcoin’s business week began on a relatively familiar note as it jumped toward $120,000 after it erased the losses charted at the end of the previous one. However, as it happened du...
Latest News
- Kraken Revenue Soars Year-Over-Year – But EBITDA Takes a Hit2025-08-03 18:14:11
- RISC-V on Ethereum: Scalable Future or Risky Reboot?2025-08-03 16:41:43
- How Ripple Sees the Future: The Stablecoin Landscape for 2025 and Beyond2025-08-03 15:44:32
- Robinhood’s Crypto Revenue Nearly Doubles – Here’s What’s Fueling the Surge2025-08-03 13:57:14
- Is the ‘Still Early’ Narrative for Bitcoin and Crypto Dead?2025-08-03 13:42:51