BTC Hits 15-Week High, Ripple Expands Wall Street Push, SOL Reclaims $100: Weekly Crypto Recap

SOL is among the top performers over the past week, alongside ZEC, RAIN, XMR, and a few others. HYPE charted a new ATH.

Bitcoin did something we hadn’t seen in over three months in the past few days. But before we get there, let’s take a quick look at what happened last week and how we arrived at this major bullish intersection.

Recall that BTC and the rest of the market were essentially stagnant for weeks (and months) until last Wednesday, when one announcement sent them all flying. Bitcoin soared from under $65,000 to almost $80,000 that Friday. After gaining $15,000 in 48 hours, the asset was due for a correction, which took place over the weekend when it dipped to $75,500.

However, the bulls were more persistent. They returned at the start of the new business week and helped bitcoin recover the losses. Moreover, they pushed it above $80,000 on Tuesday morning for the first time since mid-May. Another leg down followed that dragged the cryptocurrency to just under $78,000 before the landscape changed once again.

Bitcoin quickly reclaimed the coveted $80,000 level and aimed higher. This time, it jumped past $81,000 and touched $81,500 on most exchanges to mark a new 15-month peak. Nevertheless, sellers returned at this point, and the asset slipped to $78,500 minutes ago after the hawkish speech by the new Fed Chair Kevin Warsh at Jackson Hole.