Nvidia · Bitcoin · Federal Reserve (FED) · Kevin Warsh · CoinDesk
Bitcoin below $79,000, XRP leads losses as traders start betting on a Fed hike
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Bitcoin eased to under $79,000 in Asian morning hours Thursday, down almost 1% on the day, after briefly trading above $80,000 for the first time since May.
Key facts
- XRP fell hardest among the majors, down almost 3% to above $1.41, while holding a 28% weekly gain that still leads the group
- Bitcoin eased to under $79,000 in Asian morning hours Thursday, down almost 1% on the day, after briefly trading above $80,000 for the first time
- Solana ran against the move, up almost 4% to above $101 and 19% on the week
- He put the next confirmation level at the May high near $82,820, a break above which would open the way back toward $100,000
Summary
Bitcoin slipped below $79,000 after briefly topping $80,000, while Solana bucked a broader pullback with a nearly 4 percent gain. Rising expectations for an interest-rate increase are challenging the rally, with Federal Reserve Chair Kevin Warsh set to speak at Jackson Hole on Friday. Analysts said a break above Bitcoin’s May high near $82,820 could clear a path toward $100,000, though falling open interest suggests short covering rather than broad new buying. XRP fell hardest among the majors, down almost 3% to above $1.41, while holding a 28% weekly gain that still leads the group.