Bitcoin’s gradual price recovery after Friday’s dip below $77,000 continues into the weekend, with the asset barely moving past $78,000 today.

Most larger-cap alts have posted minor gains as well, but ETH remains below $2,500, BNB is still beneath $700, and XRP keeps fighting for $1.40.

BTC Taps $78K

The price explosion that took place within 48 hours in the middle of the month drove bitcoin out of its slumber, surging from under $65,000 to $80,000. Although the asset was stopped there at first and slipped below $75,500 last weekend, the bulls returned during the business week.

This time, they managed to push it beyond $80,000 and even $81,000 on a couple of occasions. The last attempt was on Thursday morning when BTC reached $81,500 for the first time in 15 weeks. However, its ascent was halted at this point, and it retraced hard on Friday to under $77,000.

This correction occurred after Kevin Warsh’s first speech at Jackson Hole, in which he maintained a hawkish stance. Nevertheless, the cryptocurrency has managed to reclaim some ground since then, rising above $77,000 yesterday and up to $78,150 as of press time on Sunday morning.

Its market capitalization has increased by roughly $15 billion in a day and is up to $1.570 trillion on CG. Its dominance over the alts is also on the rise, touching 58% on the same data aggregator.

BTCUSD August 30. Source: TradingView
BTCUSD August 30. Source: TradingView

PI Above $0.09, UNI Rockets

Ethereum is slightly in the green and now sits above $2,450, but it’s still below the key $2,500 level. BNB eyes $700 once again, while XRP can’t reclaim the $1.40 line. SOL, TRX, and HYPE are also slightly in the green, while ZEC is up by 3.5% to $830.

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UNI has rocketed the most from this cohort of assets, surging by 11% to $4.9. CC and PUMP follow suit, while ENA has dumped the most, losing 3.3% of value.

Pi Network’s native token slipped below the crucial $0.09 support on Friday but has managed to defend it and now trades above $0.091.

The total crypto market cap has added around $30 billion daily, and is up to $2.740 trillion.

Cryptocurrency Market Overview August 30. Source: QuantifyCrypto
Cryptocurrency Market Overview August 30. Source: QuantifyCrypto

The post Pi Network’s PI Defends a Critical Support, Bitcoin (BTC) Reclaims $78K: Weekend Watch appeared first on CryptoPotato.


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Shin John
Shin JohnYtv Market News
Share-market news writer and analyst with deep experience covering equities, commodities, forex, and cryptocurrencies for readers in the USA, UK, Canada, and Australia. Ytv Market News delivers timely market updates, practical trading insights, and clear explanations of macro and company-level catalysts that move prices. Combines on-the-ground financial reporting with technical analysis, using concise charts and actionable ideas to help investors and traders make smarter decisions.