CRO, OKB, and PI Soar as BTC Bounces Back From $107K Dip: Weekend Watch
Bitcoin's weekend rebound sparks altcoin surge—just another day in crypto's rollercoaster ride.
Market Momentum
BTC claws back from its $107K stumble, dragging CRO, OKB, and PI along for the ride. Traders cheer the recovery—until the next dip, obviously.
Altcoin Action
Exchange tokens and newcomers piggyback on Bitcoin's bounce. Because nothing says 'healthy market' like everything moving in lockstep with the big dog.
Weekend Volatility
Prices swing, hearts race, and leverage gets liquidated. Same script, different weekend—but hey, at least the numbers are green for now.
Another 'healthy correction' or just another excuse for crypto bros to justify their portfolio choices? You decide.
BTC Dipped to $107K
It has been quite a painful period for the primary cryptocurrency, which intensified last Sunday. At the time, the asset had calmed at $115,000 after suring past $117,000 on Friday evening. However, the bears took complete control of the market as the weekend was coming to an end and propelled a massive decline that drove BTC to a multi-week low of under $111,000.
Although Bitcoin tried to recover some ground on Monday, its progress was quickly halted, and it dropped further, this time to a new low of $108,750. The bulls intervened once again and pushed BTC to just over $113,000 on Thursday.
Nevertheless, that was another short-lived rally as the bears initiated another leg down that culminated earlier this morning when bitcoin nosedived to its lowest level since early July of $107,100.
It has bounced off since then and currently trades above $108,500, but it’s still 1% down on the day. Its market cap has dumped to $2.160 trillion on CG, while its dominance over the alts is fighting to remain above 56%.
CRO Back on the Gas Pedal
The biggest gainer of the week was undoubtedly Cronos’ CRO, which skyrocketed following massive adoption news from companies related to the current US President. In just a few days, the asset went from roughly $0.15 to a multi-year peak of $0.38. It dipped below $0.3 yesterday during the market-wide retracement, but it has added over 11% of value daily and is back to over $0.32.
OKB is another recent high-flyer that has resumed its rally, and a 10% daily pump has pushed it to almost $180. Pi Network’s native token has regained some traction, and a 6% surge has driven it to $0.37.
The rest of the larger-cap alts are quite sluggish on a daily scale, with minor gains from ETH, BNB, DOGE, ADA, TRX, and SUI, while XRP, SOL, LINK, HYPE, and XLM are with insignificant losses.
The total crypto market cap has recovered some ground since its low this morning and is up to $3.850 trillion on CG.
