Nvidia · Bitcoin · Federal Reserve (FED) · Funding Round · CoinDesk
Bitcoin holds $79,000, ether, solana slip as traders bank a week of gains
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Bitcoin eased to around the $79,000 mark in Asian morning hours Wednesday, down almost 1% on the day, as traders took profits after a week that lifted it 23%.
Key facts
- BNB fell almost 2% to over $695 and ether over 1% to under $2,465, keeping weekly gains of almost 16% and 29% respectively
- XRP fell hardest among the majors, down over 4% to above $1.44, though it still leads the week at almost 45%
- Dogecoin slid almost 5% to under 9 cents, solana over 3% to under $97, and tron almost 3% to nearly 34 cents
- CryptoQuant's Bull Score, which tracks 10 market and onchain indicators, jumped from 30 to 80 over the week, its highest since Oct. 6, 2025, when bitcoin traded near $124,000
Summary
Bitcoin slipped nearly 1% to about $79,000 as traders took profits after a 23% weekly rally, while most major cryptocurrencies also declined. CryptoQuant’s Bull Score surged to 80, its highest since October 2025, as spot and futures demand expanded together and eight of 10 market indicators turned bullish. Asian stocks rose as lower oil prices eased inflation concerns, while investors awaited U.S. economic data, Nvidia’s earnings and Federal Reserve Chair Kevin Warsh’s Jackson Hole address. XRP fell hardest among the majors, down over 4% to above $1.44, though it still leads the week at almost 45%.