2024

Jerome Powell

Chair

Gains

Bitcoin had a relatively quiet weekend but jumped to just over $65,000 on Monday morning when the bears stepped up and stopped any further increases.
TON has recovered some ground since yesterday’s massive crash, while TRX has neared $0.17 once again. The other larger-cap alts are a lot less eventful.
<h2 id="btc-halted-at-65k">BTC Halted at $65K</h2>
Last Monday started with a nosedive for the primary cryptocurrency as the asset failed to conquer the coveted $60,000 level decisively and slumped by two grand. However, it bounced off in the following days and remained in a tighter range between $59,000 and $60,000 by Friday.
That’s when the landscape changed on the heels of positive developments on US soil. First, Fed Chair Jerome Powell said the time had come for the central bank to cut the interest rates. Later that day, Robert F. Kennedy withdrew his 2024 presidential campaign and publicly endorsed the self-proclaimed ‘crypto choice’ – Donald Trump.
BTC<a href="https://cryptopotato.com/is-this-why-bitcoin-btc-exploded-by-5k-in-24-hours/" data-wpel-link="internal" rel="noopener noreferrer nofollow"> reacted with immediate gains</a> and soared to $65,000 by Saturday morning. Although it failed to double down on this run, it <a href="https://cryptopotato.com/bitcoin-btc-price-stands-close-to-64k-toncoins-ton-downfall-continues-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">spent</a> the weekend at around $64,000.
Ahead of the <a href="https://cryptopotato.com/4-things-that-could-ignite-crypto-markets-in-the-week-ahead/" data-wpel-link="internal" rel="noopener noreferrer nofollow">upcoming eventful week</a>, it tapped a new multi-week peak of $65,150 earlier today but was quickly stopped and pushed south to just under $64,000 as of now. This means its market cap has slipped to $1.260 trillion, but its dominance over the alts is still close to 54%.
<figure id="attachment_356018" aria-describedby="caption-attachment-356018" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-356018" src="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23.png" alt="Bitcoin/Price/Chart 26.08.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-23-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-356018" class="wp-caption-text">
 Bitcoin/Price/Chart 26.08.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="fet-gains-62-weekly">FET Gains 62% Weekly</h2>
After the arrest of Pavel Durov, Telegram’s CEO, in France on Saturday evening, Toncoin’s native token slumped hard by over 20% at one point due to the relationship between the two. TON has managed to recover a small portion of the losses and is above $5.6 after dropping below $5.3 yesterday.
The other larger-cap alt with an impressive increase on a daily scale is TRX. As a result, Tron’s biggest coin is up to $0.166. In contrast, ETH, BNB, XRP, ADA, BCH, and DOT are with minor losses.
FET has taken the main stage from the top 50 alts, having surged by 9% in the past day and more than 60% on a weekly basis. Other AI-related tokens, such as TAO, RNDR, and INJ, are also in the green now.
The total crypto market cap has lost some traction since yesterday and is down to $2.343 trillion on CG.
<figure id="attachment_356021" aria-describedby="caption-attachment-356021" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-356021" src="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1883" height="824" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050.png 1883w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050-1024x448.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050-768x336.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050-1536x672.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-26-114050-50x22.png 50w" sizes="(max-width: 1883px) 100vw, 1883px"></a>
 <figcaption id="caption-attachment-356021" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/btc-price-stopped-at-65k-fet-and-other-ai-tokens-skyrocket-market-watch/" rel="noopener noreferrer nofollow">BTC Price Stopped at $65K, FET and Other AI Tokens Skyrocket (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

BTC Price Stopped at $65K, FET and Other AI Tokens Skyrocket (Market Watch)

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