Bitcoin Retreats From $80K as ETH, SOL, XRP Close in the Red

ETH fell 0.7% to $2,344, XRP declined 1.7% to $1.42, and SOL dropped 1.5% to $85.83.

Bitcoin News

BTC

at $77,794 on Thursday morning, up 0.4% over the prior 24 hours but well below the $79,388 peak reached Wednesday evening. The retreat came as traders took profits following Bitcoin's approach toward the $80,000 level, leaving the rest of the top-10 market either flat or negative.

ETH fell 0.7% to $2,344, XRP declined 1.7% to $1.42, and SOL dropped 1.5% to $85.83. Bitcoin's 24-hour range spanned roughly $1,900, with the session low of $77,464 set Thursday morning. For the week, BTC is up approximately 4%, while most major altcoins are within 2% in either direction, with ETH and SOL both in the red.

The concentration of gains in Bitcoin while altcoins stagnate or retreat points to a narrow rather than broad market bid. Funding rates in Bitcoin derivatives have remained negative for roughly 47 consecutive days, one of the longest bearish derivatives positioning streaks on record, suggesting the rally is not being carried by leveraged longs.

Bitpanda CEO Lukas Enzersdorfer-Konrad argued that the overnight push toward $80,000 reflects growing maturity in the

ndustry, backed by institutional participation and more defined regulatory frameworks. That view is difficult to reconcile with a market where only BTC is advancing while altcoin participation remains thin.