Bitcoin below $79,000, XRP leads losses as traders start betting on a Fed hike
Bitcoin prices have dipped below $79,000 as market sentiment shifts due to expectations of a Federal Reserve interest rate hike. While Bitcoin and XRP saw losses, other assets like Solana showed resilience, and equities rose on strong corporate earnings.
Why it matters
The volatility in crypto markets reflects broader macroeconomic uncertainty and the sensitivity of digital assets to central bank monetary policy.
XRP fell hardest among the majors, down almost 3% to just above $1.41, while holding a 28% weekly gain that still leads the group. Hyperliquid's HYPE slipped over 1% to just under $81 and tron under 1% to just above 33 cents.
Solana ran against the move, up almost 4% to just above $101 and 19% on the week. Ether added 1% to just under $2,494, BNB almost 1% to just under $703 and dogecoin held at just under 9 cents.
Weekly gains have narrowed sharply as the rolling window moves past last week's surge. Bitcoin's seven-day gain has fallen to 14% from 23% a day earlier, and ether's to 11% from 29%.
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