PONS Skyrockets Another 30% to New ATH, Bitcoin Loses $80K: Weekend Watch

Bitcoin’s price reacted immediately to the stronger-than-expected US jobs report on Friday, plunging from a multi-month high of over $82,000 to under $79,000 before it found some support.

Red dominates the larger-cap alts’ charts, with XRP dropping back to $1.40, ETH losing the $2,500 level, and XMR plunging by over 5%. BNB stands in the opposite corner with a 4.5% surge.

BTC Halted at $82K The primary cryptocurrency faced a similar fate last Friday when it jumped to $81,500 only to be rejected and driven south to under $77,000 after the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole.

However, it rebounded during the weekend and even tapped $79,000 on Sunday. The resumed military actions in the Middle East brought another leg down on Monday morning, with BTC slipping to $77,000 again.