{"id":45279,"date":"2026-07-07T09:44:40","date_gmt":"2026-07-07T09:44:40","guid":{"rendered":"https:\/\/financialrush.com\/?p=45279"},"modified":"2026-07-07T09:44:40","modified_gmt":"2026-07-07T09:44:40","slug":"xrp-moves-further-away-from-key-support-btc-recovers-from-strategy-driven-drop-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=45279","title":{"rendered":"XRP Moves Further Away From Key Support, BTC Recovers From Strategy-Driven Drop: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin\u2019s price faced a real rollercoaster in the past 24 hours after Strategy announced another sale, this time a lot bigger than the previous. However, it managed to recover most of the losses and even spiked somewhat surprisingly.<\/p>\n

Most altcoins have remained relatively sluggish on a daily scale. XRP has dipped further away from a critical support line after failing at $1.15 earlier.<\/p>\n

BTC Rebounds After Strategy Drop<\/h2>\n

Bitcoin dipped below $58,000 on July 1 for the first time in nearly two years but reacted well and started to recover some of the losses almost immediately. It surged past $60,000 and kept climbing in the following days, even during the past weekend.<\/p>\n

Its gradual rebound pushed the asset to over $63,500 on Sunday, where it faced resistance and slipped to under $63,000. Another leg up followed on Monday morning, with the bulls driving BTC to $64,000 for the first time in about two weeks.<\/p>\n

However, then came the big news from Strategy. The largest corporate holder of BTC disposed of<\/a> over 3,500 units, which led to an immediate price drop to $61,200. As the FUD kept spreading<\/a>, though, the cryptocurrency rebounded<\/a> instantly and surged past $64,500 by the end of the day to mark another local peak.<\/p>\n

It couldn\u2019t keep climbing and has returned to $63,000 as of now, the level it stood at yesterday before Strategy\u2019s announcement. Its market cap remains above $1.260 trillion, while its dominance over the alts is still at 56.6% on CG.<\/p>\n

<\/a>
BTCUSD July 7. Source: TradingView<\/figcaption><\/figure>\n

XRP, DOGE in the Red<\/h2>\n

Most larger-cap alts have managed to defend their levels after yesterday\u2019s volatility. Ethereum is still stuck between $1,750 and $1,800, while BNB remains below $580. XRP has dropped further away from the key support at $1.15 following a 1.3% daily decline to $1.1275.<\/p>\n

Even more painful drops are evident from DOGE, ADA, XLM, and CC. While the first couple are down by 2-3%, the last has dumped by over 5% daily. In contrast, SOL, HYPE, RAIN, and ZEC have posted minor gains, while WLFI, AAVE, MORPHO, and DEXE have gained up to 8%.<\/p>\n

The total crypto market cap continues to sit in a familiar range, currently at $2.240 trillion.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview July 7. Source: QuantifyCrypto<\/figcaption><\/figure>\n

\u00a0<\/p>\n

The post XRP Moves Further Away From Key Support, BTC Recovers From Strategy-Driven Drop: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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