XRP Slumps Hard After Another $1.60 Rejection, BTC Slips Below $84K: Market Watch

ZEC, DOGE, and HYPE are the other major losers today from the larger caps. After the explosive start to the business week, in which BTC gained $7,000 in 12 hours or so, the asset was primed for a correction, which began yesterday evening and culminated today with a price drop to under $84,000. The altcoins have followed suit as they usually do, with ETH slumping below $2,700 and Ripple’s XRP plunging by more than 7% to under $1.50. LTC is among the few exceptions today. BTC Dips Below $84K After the seemingly negative week in terms of macro developments, in which the CLARITY Act was voted down and the Fed hiked rates in the US, BTC had dropped to $75,000 last Wednesday, and the overall sentiment had flipped. However, the asset ended the week on a strong note, surging past $80,000 on Friday to the surprise of many. It climbed to $82,000 on Saturday, where it was stopped, and slipped to $80,300 after the new escalations on the two major war fronts. Bitcoin couldn’t be contained on Monday, though. In the span of just 12 hours or so, the asset blasted through a few major resistance levels and skyrocketed to an eight-month peak of over $87,000. It pulled back to $85,000 on Tuesday but w...