Bitcoin continued to lose ground ahead of the upcoming Federal Open Market Committee meeting, slipping below the $80,000 level late last night and staying there through the day. The cryptocurrency’s market capitalization fell to about $1.6 trillion, and its dominance dropped below 60%.
Altcoin performance
Among altcoins, XRP posted a gain of almost 2% and reached the key $1.30 resistance level. The move follows Ripple’s announcement that it received final approval for its national bank trust. Other assets that posted gains include Zcash, which rose over 3% to near $1,250, Monero, which approached $600 after a 2% increase, and Quant, which climbed more than 7% back to the $200 range.
Conversely, Bitcoin Cash and other larger‑cap alts such as BTW and RAIN fell double digits, with BTW trading around $1.40 and RAIN near $0.072.
Market overview
The total cryptocurrency market capitalization declined 0.4% in the past 24 hours, reaching $2.670 trillion according to CoinMarketCap. Ethereum slipped further toward $2,300, Solana dropped below $100, and TRON traded under $0.33.
Bitcoin price trajectory
After being rejected at $85,000 less than a week ago, Bitcoin experienced a rapid pullback, falling to $83,000 and then below $81,000. Over the weekend, the price reached a five‑week low near $79,100. Attempts to rebound were halted around $81,000, and the asset has remained near $79,500 with brief deviations.
Market participants expect further volatility following the conclusion of the second‑to‑last FOMC meeting of the year.
