Bitcoin · Federal Reserve (FED) · Kevin Warsh · Decrypt
Bitcoin Rally Slows as $15.6 Billion Options Expiry Hits—XRP and Solana Keep Climbing
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Bitcoin slipped to around $83,600 on Friday, a pullback of roughly 1% from the prior close, as the week's rally took a breather.
Key facts
- XRP is up 4.37% over the past day and 15.45% over the week, trading near $1.58, at a $99 billion market cap
- Solana is up 3.36% on the day and 9.33% over seven days, changing hands at around $119.84 and a $70 billion market cap
- Total crypto market cap sits at $2.87 trillion, down from the $3 trillion-plus level reached earlier this week
- That would help explain why open interest and 24-hour trading volume both fell sharply, down 14.39% and 13.68% respectively
Summary
Bitcoin fell about 0.9% to roughly $83,600 on Friday, retracing part of a rally that pushed it to an intraday high near $87,000,. Technical indicators on the charts still read bullish, though the Fed's next move could reshape the outlook. Meanwhile, XRP (+15.45% over seven days) and Solana (+9.33% over seven days) are outperforming the broader crypto market. The move isn't spooking chart-watching traders, though.