BTC Settles at $77K After a Wild Ride, ETH Slumps Following Major Rally: Weekend Watch

The privacy coins ZEC and XMR have rocketed once again on a daily scale. Bitcoin’s price went on a rollercoaster ride on Friday before and after the release of the August CPI data, before it finally calmed at around $77,000. Ethereum rode the ride to the fullest, skyrocketing to a new eight-month high before it was stopped. Most larger-cap alts are in the green on a 24-hour scale. BTC’s Wild 24-Hour Window The primary cryptocurrency was rejected at over $80,000 at the start of the business week and never made it back there in the following days. Just the opposite: the selling pressure mounted as global economic uncertainty grew, and BTC dipped to $77,600 just a few days later. Its rebound attempt was halted at $79,600 twice on September 9 and 10 before the bears initiated another leg down to under $77,000 after the release of the PPI data on Thursday. BTC managed to withstand the intensifying pressure and remained sideways at around $77,000 as Friday approached. This was the most pivotal part of the economic week as the markets expected the release of the CPI data for August. Once the numbers went live, which actually matched expectations almost perfectly, the real storm began. At ...