This Altcoin Defies Sunday Sluggishness as BTC Eyes $78K Recovery: Weekend Watch

Meanwhile, M and XPL have dropped hard over the past 24 hours. Bitcoin’s gradual recovery from the largest crypto hack in USD terms continues, with the asset slowly grinding toward $78,000. Most altcoins have remained quite sluggish since yesterday, with ETH posting a minor increase, while TRX has dropped hard once again. There’s only one alt with a substantial double-digit surge today. BTC Eyes $78K The rejection at $85,000 on October 21 was the beginning of a more profound correction that started with a dive to $79,200 last Saturday. The bulls tried to intervene and helped BTC recover $2,000 on Sunday and Monday, but the bearish sentiment prevailed, and the asset dipped below $80,000 once again. Brief signs of strength emerged on Tuesday and early Wednesday, during the hours leading up to the FOMC meeting, when BTC surged to almost $82,000. Once the meeting concluded and the Fed left interest rates unchanged, BTC dipped below $80,000 before it jumped back to $81,900. Its ascent was halted there, and the cryptocurrency dipped below $81,000. Then came news that Binance was the latest big-name hack victim in the crypto markets, with the losses exceeding $6 billion. Bitcoin reacted i...