STX Defies Altcoin Crash With Double-Digit Surge, BTC Stabilizes at $77K: Weekend Watch

The total crypto market cap is down by about $100 billion since before the Binance hack. Bitcoin suffered a major leg down on Friday after the world’s largest crypto exchange was hit with a painful hack, but has managed to rebound above $77,000. The altcoins are also trying to recover from the Friday shock, with BNB defending the $700 support. AAVE has risen by 6% among the larger caps, while RAIN, HYPE, and TRX have dropped hard. BTC Stable at $77K The primary cryptocurrency faced a notable rejection ten days ago at $85,000, and it hasn’t been able to fully recover since. At the time, the bears initiated a few consecutive leg downs that culminated on Saturday with a price slump to $79,100 — the lowest level in five weeks. It tried to recover in the following days, and jumped to $81,700 on Tuesday, just a day before the highly anticipated FOMC meeting. It dipped as the event was hours away, and rose back to $81,800 when it became known that the central bank won’t be hiking rates, which was mostly expected. Then came another leg down to under $80,000 before the asset surged to nearly $82,000 on Thursday. It remained close to $81,000 when the news about the hack against Binance went ...