Ripple (XRP) Soars to 7-Week Peak, Bitcoin (BTC) Calms Below $66K: Weekend Watch

Bitcoin and Altcoins Market Update: Weekend Outlook

Bitcoin's price fluctuations subsided during the weekend, retracing from its peak of $66,500.

Most altcoins experienced corrections daily, except for Ripple's XRP token, which surged above $0.62 for the first time since early August.

BTC's Fall at $66K

Last weekend witnessed a similar pattern, with Bitcoin declining from $64,000 to $63,000. However, it resumed its offensive on Monday, surpassing $64,500.

After a brief pullback, Bitcoin targeted that level again but faced resistance on Thursday, slipping below $63,000. Bulls aggressively rallied, propelling Bitcoin to $66,500 on Friday morning, its highest price in two months.

Bitcoin has since lost momentum, falling to $66,000 yesterday and slipping further to $65,500 today. Despite substantial inflows into spot Bitcoin ETFs in the United States, the asset remains up by 4% weekly. Its market capitalization has declined slightly to just under $1.3 trillion, but its dominance over altcoins has increased to 53.9%.

XRP's Surge

Major altcoins have generally mirrored Bitcoin's performance in the past 24 hours, with slight losses. ETH and BNB have declined by just over 1% to $2,646 and $595, respectively. TON, AVAX, SHIB, and others have dropped up to 3%.

Dogecoin is an exception, gaining over 3% and rising above $0.125 amid speculation of a possible surge to $0.15.

XRP has emerged as the standout performer since yesterday. The token has spiked by 6%, trading near $0.63, its highest level since August 8.

Despite these gains, the total crypto market capitalization has shed $30 billion overnight, falling below $2.4 trillion currently.