BTC Recovery Halted at $110K, XRL Skyrockets 23% Daily: Weekend Watch

It was a painful week for bitcoin as its price tumbled from over $115,000 last weekend to a monthly low of under $109,000 before it managed to recover some ground on Friday evening, only to be stopped at $110,000. Although most altcoins have failed to produce impressive increases since yesterday, MYX and XPL have emerged as top ￰0￱ Stopped at $110K Recall that the primary cryptocurrency shot up to $118,000 last Thursday after the US Fed pivoted from its 2025 monetary policy and finally reduced the key interest rates. However, that rally was short-lived and BTC quickly returned to $115,000-$116,000 for the ￰1￱ actual correction, though, was yet to take ￰2￱ first, bitcoin slumped by over five grand on Monday and dropped to $112,000.

Following another brief recovery attempt, the bears continued to put pressure on the asset at the end of the ￰3￱ culmination, at least for now, occurred on Friday morning when BTC dumped below $109,000 for the first time since the start of the ￰4￱ bounced off in the evening trading session and even exceeded $110,000, but it was quickly stopped there and now trades well below that ￰5￱ market cap has dropped further to $2.175 trillion on CG, while its dominance over the altcoins stands tall at 56.5%. BTCUSD.), MNT (5%), and WLD (4%). The recently launched Plasma (XPL) has gained the most today (22%), followed by MYX’s 18% ￰6￱ total crypto market cap remains sluggish at $3.850 trillion after losing over $300 billion in a ￰7￱ Market Overview.