{"id":46688,"date":"2026-08-31T10:02:05","date_gmt":"2026-08-31T10:02:05","guid":{"rendered":"https:\/\/financialrush.com\/?p=46688"},"modified":"2026-08-31T10:02:05","modified_gmt":"2026-08-31T10:02:05","slug":"btc-recovers-swiftly-and-eyes-79k-again-xmr-surges-above-500-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=46688","title":{"rendered":"BTC Recovers Swiftly and Eyes $79K Again, XMR Surges Above $500: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin began the new business week with a dip below $77,000 as geopolitical tensions in the Middle East escalated amid new attacks, but has since managed to shrug off the losses.<\/p>\n

The same cannot be said about most larger-cap alts. ETH is still struggling at $2,500, while BNB is below $700. XRP has seemingly lost the $1.40 support. XMR is among the few exceptions.<\/p>\n

BTC Rebounds<\/h2>\n

After gaining $15,000 in 48 hours, bitcoin was due for a correction last weekend and dropped below $75,500. However, the bulls quickly resumed control of the market and initiated a couple of major legs up as the previous business week progressed, driving the asset to $81,000 and $81,500, respectively.<\/p>\n

This meant that BTC had reached its highest price tag in over three months. However, its attempt on Thursday was met with a sharp rejection, perhaps due to the hawkish stance taken<\/a> by Fed Chair Kevin Warsh during the Friday speech at Jackson Hole, and bitcoin slumped to under $77,000.<\/p>\n

It managed to rebound over the weekend and even climbed past $79,000. However, then came the new attacks in the Middle East, and the cryptocurrency dipped<\/a> to just under $77,000 on Monday morning.<\/p>\n

It has reacted swiftly by recovering nearly two grand ahead of another major macro week<\/a>. As a result, it trades close to $79,000 once again, with its market cap jumping back to $1.580 trillion, while its dominance over the alts has rocketed to over 58.5% on CG.<\/p>\n

<\/a>
BTCUSD August 31. Source: TradingView<\/figcaption><\/figure>\n

XMR Pumps<\/h2>\n

Monero’s XMR is today’s top performer, having surged by almost 10% to well over $520. UNI and MNT follow suit, with increases of 6-7%. In contrast, most other large-cap alts remain in the red.<\/p>\n

ETH is still just under $2,500, BNB has failed to reclaim $690, while XRP, despite the major ETF inflows<\/a> from last week, is well below $1.40. SOL, TRX, HYPE, and DOGE are down by up to 2.5%, while RAIN has plummeted by 8.6% to $0.016. PUMP is the other big loser today, slumping by 9% to $0.0044.<\/p>\n

The cumulative market cap of all crypto assets has recovered over $50 billion since this morning’s low and is up to $2.7 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview August 31. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post BTC Recovers Swiftly and Eyes $79K Again, XMR Surges Above $500: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin began the new business week with a dip below $77,000 as geopolitical tensions in the Middle East…\n","protected":false},"author":2,"featured_media":46689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-46688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46688"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/46689"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}