Bitcoin rejected at $80,000 again as bears push it below $78,200; XRP dips below support
Bitcoin was rejected at $80,000 and corrected by over $2,000 to $78,200 following a strong US jobs report, while several altcoins posted substantial losses.
Why it matters
The repeated rejection at $80,000 and the sensitivity to macroeconomic data such as the US jobs report indicate that Bitcoin remains tightly coupled to broader economic signals. The decline in altcoin prices alongside BTC suggests broad-based risk-off sentiment across crypto markets.
Key facts
Bitcoin was rejected at $80,000 and corrected by over $2,000 to $78,200.
2,000 USDReported by CryptoPotato
Bitcoin rallied to a new three-month high of almost $82,500 on Thursday before being rejected.
82,500 USDReported by CryptoPotato
A stronger-than-expected US jobs report on Friday contributed to Bitcoin's reversal.
Reported by CryptoPotato
Bitcoin's dominance over altcoins dropped to 58.8%.
58.8 %Reported by CryptoPotato
HYPE, ZEC, XMR, and LINK posted substantial daily losses.
Reported by CryptoPotato
BNB reclaimed the $750 level.
750 USDReported by CryptoPotato
Bitcoin spent the prior weekend trading sideways between $77,000 and $79,000.
Reported by CryptoPotato
What happened
Bitcoin spent the prior weekend trading sideways between $77,000 and $79,000 after a Friday rejection at $81,500, according to CryptoPotato. A mid-week rally on Thursday sent BTC surging to a new three-month high of almost $82,500. However, a stronger-than-expected US jobs report on Friday triggered a sharp reversal, with BTC first dipping to $81,300 and then sliding below $78,800. CryptoPotato reported that the cryptocurrency rebounded over the weekend to above $80,400 on Monday morning, only to face renewed selling pressure that drove it down by over $2,000 to $78,200. Among altcoins, HYPE, ZEC, XMR, and LINK posted substantial daily losses, while BNB reclaimed the $750 level. Bitcoin's dominance stands at 58.8% according to CryptoPotato.
How the story developed
- First report
First report by CryptoPotato
XRP Dips Below Crucial Support, BTC Slides Toward $78K: Market Watch
- Update
Bitcoin rejected at $81,500 on prior Friday
BTC was rejected at $81,500, leading to sideways trading over the weekend.
- Update
Bitcoin rallied to almost $82,500 on Thursday
Bulls drove BTC up by several grand to a new three-month high.
- Update
US jobs report triggers BTC reversal on Friday
Stronger-than-expected jobs data drove BTC from above $80,000 to below $78,800.
- Update
Bitcoin dips to $78,200
Renewed selling pressure drove BTC down by over $2,000 in the following days.
Affected entities
Also mentioned: Monero, Ethereum, Solana, Polkadot
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoPotato Crypto media | XRP Dips Below Crucial Support, BTC Slides Toward $78K: Market Watch | Original |
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