Worst-Performing Altcoins This Week as BTC Battles to Hold $80K: Weekend Watch

There are a couple of double-digit gainers as well, but the field is quite empty. The weekend is not going in the typical calm manner as BTC dipped to a 5-week low of $79,100 on Saturday before it staged a notable comeback. Most altcoins followed suit, and we will also talk about their weekly movements, as there are some painful declines. BTC Recovers From a 5-Week Low It’s safe to say that the past week or so didn’t go quite well for the primary cryptocurrency, aside from a brief uptick on Wednesday. Bitcoin tanked after the CPI and PPI readings from the previous week to just under $80,000 but managed to rebound quickly to $82,600. Another rejection followed, but the bulls managed to keep the asset above $80,500. The start of the new business week led to another attempt at $83,000, but BTC was halted again, and it dropped to $81,000. A sudden price pump on Tuesday and an even more profound surge on Wednesday drove the cryptocurrency to almost $85,000 for the first time in approximately two weeks. However, the predominantly bearish market sentiment prevailed once again, and bitcoin nosedived quickly. It first dipped below $83,000 before it crashed to under $81,000. It remained ther...