Top 100 Viral Altcoin Explodes by 325% Daily, BTC Struggles at $77K: Weekend Watch

The asset itself has rocketed by 800% weekly and is now the 92th-largest by market cap.

Similar to the previous weekends, this one is quite sluggish for bitcoin, as its price remains in a very tight range between $77,000 and $77,400.

Most larger-cap alts are in the same boat, with minor losses compared to yesterday. CRO, PUMP, and BTW have marked more substantial gains, but one alt reigns supreme.

BTC Fights for $77K

Bitcoin finished the first week of September with intense volatility after it rocketed to $82,400 for the first time since mid-May, before it was rejected and driven south to under $79,000 that Friday after the release of the US jobs report. The following week or so was less eventful, as the cryptocurrency remained between $80,000 and $77,600.

The upper boundary halted its breakout attempts, while the support managed to hold the bears. However, it all started to change on Thursday and especially on Friday. At first, the lower boundary gave in, and BTC slipped to $77,000. Then came the release of the CPI numbers for August, which sent shockwaves through the market.

The initial reaction drove BTC to $76,000, marking a multi-week low. However, the bulls stepped up somewhat surprisingly and drove the cryptocurrency north to $79,800 within an hour. Another rejection followed, and BTC returned to its starting point at $77,000. Since then, it has been trading sideways between $77,000 and $77,500, currently above the former.