PONS Skyrockets Another 30% to New ATH, Bitcoin Loses $80K: Weekend Watch
Bitcoin’s price reacted immediately to the stronger-than-expected US jobs report on Friday, plunging from a multi-month high of over $82,000 to under $79,000 before it found some support.
Red dominates the larger-cap alts’ charts, with XRP dropping back to $1.40, ETH losing the $2,500 level, and XMR plunging by over 5%. BNB stands in the opposite corner with a 4.5% surge.
BTC Halted at $82K
The primary cryptocurrency faced a similar fate last Friday when it jumped to $81,500 only to be rejected and driven south to under $77,000 after the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole. However, it rebounded during the weekend and even tapped $79,000 on Sunday.
The resumed military actions in the Middle East brought another leg down on Monday morning, with BTC slipping to $77,000 again. The bulls managed to defend that level again, and the cryptocurrency remained stuck between that lower boundary and the upper one at $79,000 for a few days.
The breakout began on Thursday when the asset surged past the latter level and kept climbing on Friday morning. The peak came at $82,400, which became BTC’s highest price tag in three and a half months. Although it was stopped there, it remained above $81,000 before the aforementioned jobs report went live and plunged immediately after it made the headlines to just under $79,000.
It has rebounded to $79,600 since then, with its market cap standing close to $1.6 trillion on CMC. Its dominance over the alts has retreated slightly to 59.45%.
PONS Keeps Rocking
The new rockstar of the altcoin space, PONS, is once again the top performer, surging by 30% in the past 24 hours to a new all-time high of almost $0.90. DASH follows suit, skyrocketing by 25% to over $65.
Binance Coin is up by 4.5%, being the biggest gainer among the larger caps, and now sits at $750. NEAR has gained 11% and is above $2.25. DOT, TAO, and LTC are also well in the green.
In contrast, ETH is down by 2.5% to $2,450, XRP has slipped by almost 3% to $1.40, and XMR is down by 5% to $525. RAIN, HYPE, and ADA are also in the red.
