Bitcoin Tops $77,500 as XRP Leads Broad Crypto Rebound

Cryptocurrency markets are again taking their cue from the US interest-rate outlook, as investors position for a more hawkish Federal Reserve stance. Expectations that monetary policy will remain restrictive have weighed on appetite for risk-sensitive assets. Bitcoin’s ability to hold a key price level is therefore being watched as a gauge of broader crypto-market resilience and investor risk tolerance.

Ether, Solana and Dogecoin declined over the past 24 hours as most major cryptocurrencies came under pressure. Bitcoin held above $78,000 and was broadly flat for the week after gaining 24% in August. HYPE bucked the weaker trend, rising about 4% and outperforming the major tokens as traders favored the market’s few pockets of momentum.

Bitcoin and other cryptocurrencies are sensitive to shifts in U.S. monetary-policy expectations because higher interest rates tend to lift Treasury yields and the dollar, reducing the appeal of non-yielding risk assets. The latest retreat shows traders reassessing the Federal Reserve’s policy path, with emerging bets on a rate increase weighing on momentum from the crypto market’s recent rebound.

As of Aug. 27, Bitcoin fell below $79,000 while XRP led losses among major cryptocurrencies. Most large tokens were flat or lower over the previous 24 hours, with Solana and BNB the notable exceptions. Despite the pullback, Bitcoin and XRP retained significant weekly gains, indicating that the latest bout of rate-driven selling had not erased their broader advance.

Bitcoin held above $79,000 after a powerful weekly rally, signaling that investor appetite for crypto risk remained resilient. Gains extended across major digital assets, with XRP among the strongest performers. Still, the speed of the advance has encouraged traders to lock in profits, raising the prospect of sharper near-term volatility as the market tests whether the rebound can sustain its momentum.

Bitcoin retained a weekly gain of about 23% in the latest trading session while defending the $79,000 level. XRP was up nearly 45% over the same period. Profit-taking after a week of gains weighed on other large tokens, with ether and Solana slipping over the past 24 hours, though the pullback remained modest relative to the broader weekly advance.

Bitcoin is holding near $77,000 after surging 22% in a single week, a rally that signaled a sharp revival in risk appetite across cryptocurrency markets. The advance also lifted major altcoins including XRP and Zcash, but their outsized gains left them vulnerable to profit-taking. Whether the rebound can extend will depend on continued inflows and investors’ willingness to retain exposure after the rapid repricing.

The latest trading showed Bitcoin consolidating around $77,000 without surrendering much of its weekly gain, while XRP and Zcash pulled back after leading the previous week’s advance. Attention is also shifting toward the US Federal Reserve as traders assess how the outlook for interest rates and liquidity could affect demand for volatile assets. The divergence suggests momentum remains firm in Bitcoin even as parts of the broader crypto market cool.

Bitcoin had retreated steadily since reaching a record $126,000 in October 2025 and came close to $60,000 at one point in 2026. Buying by US spot Bitcoin ETFs and institutions such as Strategy has therefore become a key indicator of whether market demand can stabilize and whether the bear market may be nearing an end.

On April 14, Bitcoin recovered to $74,000 from a weekend low of $70,500. US spot Bitcoin ETFs recorded $615 million in net inflows last Thursday and Friday, while Strategy spent another $1 billion to buy 13,927 Bitcoin. However, the annualized premium on monthly futures stood at just 2%, below the neutral range of 4% to 8%, leaving the market divided over whether a reversal is underway.

The market had been weighed down by a February selloff and extreme pessimism after U.S. spot Bitcoin ETFs recorded $3.8 billion in net outflows over five consecutive weeks. Crowded leveraged short positions also left the market vulnerable to a short squeeze when prices rebounded. Whether ETF inflows resume has become a key indicator of risk appetite among U.S. institutional investors.

On February 25, Bitcoin rose more than 5% over 24 hours to $67,500 in early U.S. trading. ETH reclaimed $2,000, while major tokens including SOL and DOGE gained more than 10%. CoinGlass recorded more than $307 million in short liquidations. U.S. spot Bitcoin ETFs posted net inflows of $506.5 million that day, including $297.4 million for BlackRock’s IBIT.

Bitcoin is highly sensitive to interest-rate and inflation expectations. February’s consumer price index from the U.S. Bureau of Labor Statistics matched market forecasts and did not support a near-term Federal Reserve rate cut. Still, falling oil prices helped ease inflationary pressure and supported risk assets including cryptocurrencies.

Bitcoin quickly reversed its overnight losses after the February CPI release, first breaking above $70,100 and then climbing past $71,000. Markets also digested news of a 400 million-barrel oil release. Ether, Solana and Cardano (ADA) rose in tandem, showing little drag from weakness in U.S. stocks.