Ripple (XRP) is undergoing a correction on Monday, trading near $1.48, marking a 13% decline from last week’s high of $1.70. The remittance asset experienced a notable 72% increase from $1.00 last week, following the overall positive trend in the cryptocurrency market’s forecast.
Bitcoin (BTC/USD) is hovering near a three-month peak after a significant rebound has refocused attention on digital assets. The cryptocurrency has surged over 20% this past week, nearing $80,000, invigorated by shifts in the US bond market, renewed interest from investors, and a resurgence in the debasement trend. Bitcoin opened above $77,500 on Monday, August 24, following a rise to approximately $79,500 on Friday.
The cryptocurrency sector is generally experiencing a pullback on Monday as traders divert their attention towards profit-taking after last week’s surge. Bitcoin (BTC) is slightly declining, with resistance holding below $80,000 and immediate support established at $77,000.
