Ripple’s XRP Rebounds From Sub-$1 Dip, Bitcoin (BTC) Hit 9-Day Low: Market Watch
Uniswap's UNI has plummeted the most today, losing over 10% of value.
Bitcoin’s price rejection at $65,400 from earlier this week brought another leg down in the past 24 hours as the asset slipped to a 9-day low of $63,200, where it finally found some support.
Interestingly, most larger-cap alts are slightly in the green on a daily scale now, even Ripple’s XRP, which dipped below $1.00 for the first time in nearly two years yesterday.
BTC Tried to Recover
The primary cryptocurrency’s August low came at the start of the month when it dipped to $62,200 on a couple of occasions, the latest being August 3. It reacted well and surged to $64,000 within a day. It kept climbing in the following days and eventually tapped $65,000 before it was halted there after the CLARITY Act stalled in the US Senate.
The weak US jobs report on Friday resulted in a relief rally for BTC, which jumped to $65,400. However, it was stopped there and spent the weekend trading sideways at around $65,000. It tried to break out on Monday, but it was halted at $65,400 again. This time, the correction was more violent as BTC slipped to $63,800.
It rebounded to $64,400 yesterday, but another leg down followed that drove it to its lowest level since last Monday at $63,200. It has recovered some ground since then but still trades below $64,000 as of press time.
