Crypto news report · source clearly identified
Bitcoin Slides Below $79,000 as XRP Leads Losses Amid Fed Rate Speculation
Bitcoin dips under $79,000 while XRP records the biggest drop among major tokens, as traders weigh the possibility of an upcoming Federal Reserve rate hike.
Bitcoin fell below the $79,000 mark, prompting market attention as traders consider the impact of a potential Federal Reserve interest‑rate increase. While most major tokens either held steady or slipped, XRP posted the steepest decline.
Market Overview
Across the 24‑hour period, every major cryptocurrency except Solana and Binance Coin (BNB) was flat or lower. Bitcoin’s price movement kept it under $79,000, yet the asset still retains a 14% gain for the week.
Token Performance
- Bitcoin (BTC): Below $79,000; weekly gain of 14%.
- XRP: Leading the losses; weekly gain of 28% despite the recent drop.
- Solana (SOL): One of the few tokens to remain flat.
- Binance Coin (BNB): Also flat over the same period.
Investor Sentiment
Traders are increasingly factoring in the likelihood of a Federal Reserve rate hike, influencing short‑term price dynamics across the crypto market.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- August 27, 2026, 4:35 AM
- Original headline
- Bitcoin below $79,000, XRP leads losses as traders start betting on a Fed hike