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Market Watch: Ripple Soars 8%, Bitcoin Dropped to Weekly Lows

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XRP and ATOM are among the very few larger-cap alts with significant gains in the past 24 hours. ETH continues sliding post-Merge.

Bitcoin dipped further below the coveted $20,000 mark to chart another weekly low of just over $19,000.

Ethereum also continues to struggle after the Merge implementation two days ago and has slumped below $1,450. Ripple, in contrast, is up by almost 8% daily.The past several days have not been kind to the primary cryptocurrency as the trend changed on September 13. Back then, the asset was riding high and neared $23,000 after gaining over $3,000 in days.

However, BTC reversed its trajectory rather violently, and the US CPI numbers only intensified its pain. Just hours after they went out, bitcoin found itselfAlthough it sustained that level at first, it almost felt inevitable that it will break below it sooner rather than later. This happened first on September 14, and after failing to reclaim that line immediately, BTC got stuck below it.This is all you need not to miss any price action in the raging crypto markets.

 

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