XRP & TON Defy Crypto Carnage While BTC and Alts Bleed: Weekend Market Bloodbath

While Bitcoin and the altcoin pack get slaughtered in this weekend's crypto correction, two tokens laugh in the face of gravity.

XRP and Toncoin (TON) are moonwalking through the red sea as the rest of the market turns into a crime scene. Meanwhile, BTC holders are discovering new shades of red on their portfolio charts.

Here's the brutal truth about this weekend's crypto massacre - and why some assets just won't die.

Defiance in a Downturn: The XRP/TON Anomaly

While 'number go up' tech fails across the board, these two outliers are writing their own rules. Is this smart money positioning - or just delayed punishment?

The Great Unwinding: Altcoins Meet Reality

Memecoins are discovering gravity. DeFi darlings are getting rekt. And that 'next Bitcoin' you bought? It's not.

One cynical take: Maybe the market finally learned to separate the wheat from the vaporware. Or maybe Wall Street needed cheaper entries before the next pump. Stay paranoid, folks.

BTC Keeps Dropping

The primary cryptocurrency experienced a brief retracement at the end of the previous business week when it dipped from $119,000 to under $115,000 amid substantial sell-offs by Galaxy Digital on behalf of a client. However, once the sale was completed, BTC recovered most losses and even headed toward $120,000 after the weekend.

The bears were quick to intercept the move and didn’t allow another price jump. Bitcoin remained calm until Wednesday, when the latest FOMC meeting was scheduled to take place. Despite the positive US GDP data for Q2 and Trump’s continued pleas for rate reduction, Powell and company left them unchanged for a fifth consecutive time.

BTC reacted with an immediate price slip to under $116,000 but bounced off and challenged $119,000 on Thursday morning. However, more Trump-induced volatility followed amid new tariff developments and nuclear sub movements, and bitcoin plunged below $113,000 on Friday evening for the first time since July 10.

It has recovered around a grand since then, but it’s still 1% in the red daily and 3% down weekly. Its market cap is down to $2.260 trillion, while its dominance stands tall at 60%.

XRP Fares Well

Most larger-cap alts have followed BTC on the way south, with even bigger price declines. ETH has slipped below $3,500 after a 4% daily drop, SOL is below $165, while DOGE, HYPE, LINNK, BCH, and HBAR have retraced by around 3-4%.

Pi Network’s native token dumped to another all-time low earlier today, while ENA has plunged by 7%. There are a few exceptions from the larger-cap alts, including XRP and LTC, which are slightly in the green. TON has risen by over 3.5% to almost $3.6.

The total crypto market cap has dumped to $3.750 trillion on CG. This means that the metric has lost roughly $250 billion since Thursday’s peak.