Ripple (XRP) soars to 7-week high, Bitcoin (BTC) settles below $66,000: Weekend Watch

Bitcoin price action calmed down again over the weekend, with the asset rebounding well from its previously recorded peak of $66,500.

With the exception of Ripple’s native token, which soared above $0.62 for the first time since early August, most altcoins are also adjusting on a daily scale.

BTC fails to reach $66,000

The situation was similar last weekend, when the largest digital asset fell from $64,000 to about $63,000. However, on Monday, it was on the offensive again, topping $64,500.

After a brief retrace, the asset once again aimed for that level, but was halted on Thursday, dropping below $63,000. This is where the bulls really stepped on the gas, driving a rally that took Bitcoin to $66,500 on Friday morning. It was the highest price in about two months.

Since then, BTC has lost some traction. Yesterday it fell to $66,000, dropping another $500 despite heavy inflows into the US Spot Bitcoin ETF.

Still, assets are up 4% on a weekly basis. Although the market capitalization has decreased slightly to just under $1.3 trillion, CG's control over alternatives is up to 53.9%.

XRP on the run

Most of the large-cap alts mimicked BTC's performance in the past 24 hours with small losses. ETH and BNB fell just over 1% to $2,646 and $595, respectively. TON, AVAX, SHIB are down ~3% in one day, as are APT, XMR, STX, KAS, etc.

Dogecoin is one of the few that has seen significant growth on a daily basis. The largest meme coin is up more than 3% to above $0.125 amid speculation it could soon soar to $0.15.

Still, since yesterday, XRP has emerged as the top performer. The token has soared 6% and is currently trading near $0.63, its highest since August 8th.

But overall, the market capitalization of cryptocurrencies lost $30 billion overnight and is now below $2.4 trillion.