September 03, 04:22
Bitcoin back above $77,500, XRP leads majors as Fed hike odds near 66%
Bitcoin back above $77,500, XRP leads majors as Fed hike odds near 66%
CoinDesk

Bitcoin traded just above $77,600 in Asian morning hours Thursday. Bitcoin was up roughly 1.5% over 24 hours. Bitcoin touched a 24-hour low of $76,400 in late U.S. hours. XRP led major cryptocurrencies at $1.36. XRP was up almost 3%. Fed hike odds were near 66%. Friday's jobs report could determine expectations for the Federal Reserve's September meeting. A weak jobs reading could put $80,000 within Bitcoin's reach. BNB added almost 2% to trade just under $692. Solana rose 2%. Solana held the $100 line. Tron rose about 1% to roughly 33 cents. HYPE was flat just above $82. Ether lagged major cryptocurrencies at just under $2,400. Ether was down almost 4% over seven days. Tron was down about 3% over seven days. XRP was down roughly 3% over seven days. Bitcoin was down about 1% over seven days. Zcash at $817 and HYPE were the only majors holding weekly gains. Bitfinex analysts said the average cost basis of every active investor on the network was $76,350. Bitcoin came within $50 of that level before buyers stepped in. The level absorbed sellers who bought in February and March. Those sellers exited at breakeven rather than at a loss.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.