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It was a painful week for bitcoin as its price tumbled from over $115,000 last weekend to a monthly low of under $109,000 before it managed to recover some ground on Friday evening, only to be stopped at $110,000.
Although most altcoins have failed to produce impressive increases since yesterday, MYX and XPL have emerged as top performers.
<h2 id="btc-stopped-at-110k">BTC Stopped at $110K</h2>
Recall that the primary cryptocurrency shot up to $118,000 last Thursday after the US Fed pivoted from its 2025 monetary policy and finally reduced the key interest rates. However, that rally was short-lived and BTC quickly returned to $115,000-$116,000 for the weekend.
The actual correction, though, was <a href="https://cryptopotato.com/300b-wiped-from-crypto-markets-in-days-as-btc-tanks-below-110k-after-powell-speech-your-weekly-recap/" rel="noopener noreferrer nofollow">yet to take place</a>. At first, bitcoin slumped by over five grand on Monday and dropped to $112,000. Following another brief recovery attempt, the bears continued to put pressure on the asset at the end of the week.
The culmination, at least for now, <a href="https://cryptopotato.com/1-billion-liquidation-storm-hits-as-btc-eth-xrp-collapse/" rel="noopener noreferrer nofollow">occurred</a> on Friday morning when BTC dumped below $109,000 for the first time since the start of the month. It bounced off in the evening trading session and even exceeded $110,000, but it was quickly stopped there and now trades well below that line.
Its market cap has dropped further to $2.175 trillion on CG, while its dominance over the altcoins stands tall at 56.5%.
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/09/BTCUSD-23.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/09/BTCUSD-23.png" alt="BTCUSD. Source: TradingView" width="1835" height="909"></a>
 <figcaption>
 BTCUSD. Source: TradingView
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</figure>
<h2 id="xpl-rockets">XPL Rockets</h2>
Most altcoins were obliterated during the market-wide crash, and ETH was among the poorest performers. The second-largest crypto asset went from roughly $4,500 to a multi-month low of under $3,900. It recovered some ground and briefly jumped above $4,000 yesterday, but it sits below it now.
On a daily scale, most larger-cap alts are slightly in the green but in a modest manner. More impressive daily gains come from IP, which has rocketed by 14%, WLFI (5%), MNT (5%), and WLD (4%).
The recently launched Plasma (XPL) has gained the most today (22%), followed by MYX’s 18% surge.
The total crypto market cap remains sluggish at $3.850 trillion after losing over $300 billion in a week.
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/09/Screenshot-2025-09-27-122354.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/09/Screenshot-2025-09-27-122354.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1882" height="836"></a>
 <figcaption>
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/btc-recovery-halted-at-110k-xrl-skyrockets-23-daily-weekend-watch/" rel="noopener noreferrer nofollow">BTC Recovery Halted at $110K, XRL Skyrockets 23% Daily: Weekend Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

BTC Recovery Halted at $110K, XRL Skyrockets 23% Daily: Weekend Watch

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