Ripple (XRP) Hits 7-Week High, Bitcoin (BTC) Calms Below $66,000: Weekend Watch

Bitcoin’s price movements calmed down again over the weekend and the asset pulled back significantly from the high of $66,500 recorded earlier.

Most altcoins also corrected daily, with the exception of Ripple’s native token, which rose above $0.62 for the first time since early August.

BTC falls to $66,000

This past weekend played out similarly, as the largest digital asset fell from $64,000 to around $63,000. However, it went on the offensive on Monday and surpassed $64,500.

After a brief retracement, the asset was targeting this level again but was stopped on Thursday and pushed below $63,000. This is where the bulls really stepped on the gas pedal and powered a rally that propelled bitcoin to $66,500 Friday morning. This became its highest price in about two months.

Since then, BTC has lost some of its appeal. It fell to $66,000 yesterday and slipped south another $500 despite massive inflows into spot Bitcoin ETFs in the United States.

Still, the asset is up 4% on a weekly scale. Its market cap has declined slightly to just under $1.3 trillion, but its alt dominance is as high as 53.9% on CG.

XRP on the run

Most larger-cap alternative assets have mimicked BTC’s performance over the past 24 hours with minor losses. ETH and BNB declined by just over 1%, to $2,646 and $595, respectively. TON, AVAX and SHIB recorded losses of up to 3% in one day, as did APT, XMR, STX, KAS and others.

Dogecoin is among the few to see notable increases on a daily scale. The largest meme coin has gained more than 3% and is above $0.125 amid speculation that it could soon reach $0.15.

However, XRP has become the best performer since yesterday. The token has climbed 6% and is now trading near $0.63, its highest level since August 8.

Overall, however, the total crypto market capitalization saw $30 billion disappear overnight and is now less than $2.4 trillion.