When Bitcoin Melts Down, XRP and TON Keep Dancing: Weekend Shocker! 😂💸

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In the vast, winding valleys of the cryptocurrency landscape, the great Bitcoin, once a giant, now finds itself in a sad tumble, plummeting to a disheartening low of less than $113,000. It seems like Thursday’s stormy fate has wrapped its icy fingers around the poor fellow, dragging it down like a bad penny.

But oh, the pity – while Bitcoin and its feeble brethren bleed red like a sunset on a grim evening, another tragedy unfolds! Altcoins, oh those fickle friends, join the fray, with Pi hitting a new pitiful low. With a market cap suffering a staggering loss of nearly $250 billion, one might wonder if the crypto world is staging its own version of “Survivor,” only with fewer rewards and more regrettable decisions.

BTC Keeps Dropping

Our primary protagonist, Bitcoin, stumbled at the end of last week, giving a sad little yelp as it dipped from $119,000 to under $115,000 after a sumptuous feast of sell-offs orchestrated by the ever-mysterious Galaxy Digital. But dollar bills don’t come easy, and our hero managed to muster a weak recovery, creeping back toward the $120,000 line as the weekend waltzed in.

Yet, just as our unsuspecting hero thought it could breathe again, the bears swooped in like uninvited relatives at Thanksgiving dinner. Calm prevailed until Wednesday’s FOMC meeting, where Powell and his merry band stuck their heads in the sand, ignoring the optimistic GDP data and Trump’s fervent appeals, choosing instead to keep things static for the fifth time. And, naturally, Bitcoin reacted like a teenager being told “no.” It slipped to under $116,000, only to bounce back in a half-hearted challenge toward $119,000.

But alas, no sooner had it regained some composure than the universe went topsy-turvy with Trump-induced ridiculousness and tariff shenanigans, sending our dear Bitcoin crashing down to below $113,000 for the first time since July 10. It managed to crawl back up a bit since then, but still, it’s sporting a 1% daily loss, coupled with a 3% weekly decline. The market cap has shrunk to $2.260 trillion, while our brave warrior maintains a rather respectable dominance of 60%—maybe it’s just pretending to be okay.

XRP Fares Well

Now, as we look upon the larger-cap altcoins, they too have decided to follow Bitcoin down this dark alley, taking even bigger hits. Ethereum stumbles below $3,500, and SOL dips south of $165. Meanwhile, DOGE, HYPE, LINK, BCH, and HBAR trail behind, nursing minor losses like beaten puppies.

As if the chaos of the cosmos were not enough, the Pi Network took a nosedive, crashing to yet another all-time low, while ENA’s despair deepened with a 7% plunge. But lo and behold! A glimmer of light shines through the calamity – XRP and LTC are bravely in the green, while TON rockets upward by over 3.5%, edging to nearly $3.6. Could it be that amidst the chaos, some dare to defy gravity?

The total crypto market cap, once a towering giant, now sinks to $3.750 trillion. Yes, indeed, it has lost roughly $250 billion since the dizzying heights of Thursday. It’s a wild, wild world, folks, and as they say, “one man’s loss is another man’s hilarious anecdote.” Get your popcorn ready! 🍿

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2025-08-02 12:21