{"id":7050702,"date":"2026-08-29T07:30:11","date_gmt":"2026-08-29T07:30:11","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/btc-recovers-from-sub-77k-dip-xrp-drops-below-1-40-weekend-watch\/"},"modified":"2026-08-29T07:30:11","modified_gmt":"2026-08-29T07:30:11","slug":"btc-recovers-from-sub-77k-dip-xrp-drops-below-1-40-weekend-watch","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7050702","title":{"rendered":"BTC Recovers From Sub-$77K Dip, XRP Drops Below $1.40: Weekend Watch"},"content":{"rendered":"


\n<\/p>\n

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\n\t\t\t\t\t\t\t\t\tThe total crypto market cap shed over $80 billion after the Jackson Hole speech by Kevin Warsh.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

\n

Bitcoin\u2019s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to a five-day low of under $77,000.<\/p>\n

Most altcoins followed suit, posting 3-5% daily declines. Ripple\u2019s XRP, which recently peaked at $1.70, initiated another leg down, dropping below $1.40.<\/p>\n

BTC Dips Below $77K<\/h2>\n

The primary cryptocurrency\u2019s explosion that began on August 19 took it from under $65,000 to almost $80,000 in 48 hours last week, where it finally faced some resistance and slipped to $75,500 during the previous weekend. However, the bulls quickly regained control and pushed the asset north as the new business week began.<\/p>\n

At first, BTC challenged the $80,000 level, which the bears managed to defend<\/a> initially, but buyers were more persistent and drove bitcoin above it to $81,000 on Tuesday morning. It couldn\u2019t keep climbing and retraced to $79,000 on Wednesday.<\/p>\n

The bulls returned in full force on Thursday and Friday morning, pushing<\/a> the cryptocurrency to another 15-week high of $81,500. Nevertheless, BTC was rejected once again, and the Jackson Hole speech didn\u2019t bring any positives. Shortly after its conclusion, the hawkish stance by Warsh resulted<\/a> in another leg down for bitcoin, dipping below $77,000 within an hour or so.<\/p>\n

Although it has rebounded slightly to over that level now, bitcoin is still more than 2% down on the day. Its market cap has declined to $1.555 trillion, while its dominance over the alts remains above 57%.<\/p>\n

\"BTCUSD<\/a>
BTCUSD August 29. Source: TradingView<\/figcaption><\/figure>\n

Alts Back in Red<\/h2>\n

Ethereum is down by almost 3% in the past 24 hours as it was rejected at $2,500 once again and now sits at $2,430. BNB has slipped further away from the $700 level, now trading beneath $690. XRP tanked from $1.45 to $1.38 as of now, following a 3.2% daily drop.<\/p>\n

SOL, DOGE, LINK, XLM, and HYPE have produced similar losses, while BCH has slumped by more than 7% to under $250. RAIN and XMR are among the few alts with slight gains today.<\/p>\n

The total crypto market cap has decreased by $80 billion from yesterday\u2019s top to $2.720 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview August 29. Source: QuantifyCrypto<\/figcaption><\/figure>\n

\u00a0<\/p>\n

\n<\/p>\n

\n\t\t\t\t\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"

The total crypto market cap shed over $80 billion after the Jackson Hole speech by Kevin Warsh. Bitcoin\u2019s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to […]<\/p>\n","protected":false},"author":1,"featured_media":7050703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98050,115947,109672,100755],"tags":[17058,2403,7315,65426,213198,395,4766,13167],"dealstore":[],"offerexpiration":[],"class_list":["post-7050702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-market-updates","category-social","category-top-news","tag-btc","tag-dip","tag-drops","tag-recovers","tag-sub77k","tag-watch","tag-weekend","tag-xrp"],"yoast_head":"\nBTC Recovers From Sub-$77K Dip, XRP Drops Below $1.40: Weekend Watch - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=7050702\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC Recovers From Sub-$77K Dip, XRP Drops Below $1.40: Weekend Watch - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\" The total crypto market cap shed over $80 billion after the Jackson Hole speech by Kevin Warsh. 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