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

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.