Bitcoin continues to struggle price-wise just a day before the next FOMC meeting, as the asset slipped below $80,000 late last night and has remained there.
QNT continues its impressive run that began on Monday, while BTW and RAIN have plummeted by double digits from the larger-cap alts. BCH, XMR, HYPE, and ZEC have posted some gains. XRP is at $1.30 after major Ripple news.
XRP Aims at $1.30
Ethereum has slipped further toward $2,300 after another minor decline. SOL has dipped below $100, while TRX is under $0.33. Ripple announced it received the final green light for its national bank trust, which could help explain the native token’s defiance. XRP is up by almost 2% daily and now sits at the key $1.30 resistance.
ZEC is up by over 3% and stands close to $1,250. XMR has neared $600 after another 2% pump. HYPE has gained a similar percentage and trades at $78. QNT has risen by over 7% again and has seemingly reclaimed the $200 level.
On the other hand, BTW and RAIN have plummeted by over 12%. As a result, the former struggles at $1.40, while the latter is down to $0.072.
The total crypto market cap has declined by 0.4% in the past 24 hours again, and it’s down to $2.670 trillion on CMC.
BTC Loses $80K
It was less than a week ago when the primary cryptocurrency was rejected at $85,000, and the subsequent pullback has been quite violent. The asset dumped to $83,000 almost immediately, but the bears were just getting started. In the following days, the asset tumbled below $81,000 before another major leg down over the weekend pushed it to a 5-week low of $79,100.
The rebound attempts were halted at $81,000, and BTC dipped below $80,000 on a couple more occasions on Sunday. It couldn’t really reclaim that level on Monday either and has remained at around $79,500 for the past day or so with a few brief deviations.
Its market capitalization has tanked to $1.6 trillion on CMC, while its dominance over the alts has dipped below 60%. More volatility is expected tomorrow after the conclusion of the second-to-last FOMC meeting of the year.
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The post XRP Eyes Key Resistance Despite Market Weakness as BTC Loses $80K: Market Watch appeared first on CryptoPotato.
 Few altcoins have managed to post gains over the past day, including XRP, ZEC, and HYPE. Crypto News, Market Updates, social, Top NewsÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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