Ripple’s XRP Rebounds Swiftly, Bitcoin (BTC) Reclaims $79K: Market Watch

VVV has rocketed the most over the past 24 hours, jumping by more than 50%. LIT, ATOM, and DOT follow suit.

In what is expected to be a highly volatile second part of the week, bitcoin’s price dipped to $77,600 yesterday after it was rejected at over $80,000 on Monday before it rebounded to $79,000 as of now.

Most larger-cap alts are also in the green today, with ETH trading above $2,500 and XRP defending the key support level at $1.40.

BTC Back to $79K

Bitcoin had a relatively sluggish previous week, during which it traded between $77,000 and $79,000. However, it briefly dipped below the lower boundary before the bulls stepped up on Thursday and initiated a massive leg up. The culmination took place on Friday morning when BTC topped $82,000 for the first time since mid-May.

Although it failed there, the subsequent retracement wasn’t too violent, and BTC maintained $81,000 for the next several hours. However, the stronger-than-expected US jobs report that came out on Friday afternoon resulted in a major leg down, bitcoin to under $79,000 by the end of the day.

The cryptocurrency rebounded over the weekend and remained close to $79,000. It tried to take down the $80,000 resistance on Monday morning, but it was quickly . It first to $78,800 before the bears drove it to the aforementioned $76,400. Nevertheless, it reacted well to this leg down and has jumped to over $79,000 as of press time.

Bitcoin’s market cap has risen to $1.590 trillion on CMC, while its dominance over the alts is up to 58.8%.

XRP Defends $1.40

Ethereum is up by over 1% in the past 24 hours and sits above $2,500 once again. SOL has maintained the $100 support, while HYPE hit another all-time high in the past 24 hours, this time close to $90. Ripple’s XRP slipped below the crucial $1.40 support yesterday. However, the bulls have defended that level after a 3.5% increase to $1.44.

ZEC continues its major rally, pumping by almost 10% daily to $1,240. Even more impressive gains are evident from DOT, ATOM, and LIT. VVV’s gains, though, stand in a league of their own. The token is up by over 50% daily and now trades at $29.

The total crypto market cap is up by 0.54% daily on CMC to $2.690 trillion.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.