Bitcoin Slips as Weekend Altcoin Rally Fades

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BTC
$76,924.50-3.44%
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TAO
$242.23-9.52%
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KAS
$0.037664.29%
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ICP
$2.74-4.68%
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TIA
$0.3753-6.05%
AI summary iconSummary
Bitcoin slipped to $79,300 on Monday, down 1.3% since midnight UTC. The weekend altcoin news saw tokens like Bittensor (TAO), Kaspa (KAS), Internet Computer (ICP), and Celestia (TIA) surge over 12%, but the market rally faded after midnight, with most gains erased. Chainlink (LINK) rose 1%, while NEAR Protocol (NEAR) dropped 1.5%.

Bitcoin BTC$79,433.99 is trading around $79,300, on Monday having lost 1.3% of its value since midnight UTC. It spent the weekend trapped in a tight trading range after failing to break out above $81,400.

Monday’s pullback coincides with a jump in U.S. equity futures, with Nasdaq 100 futures up 0.3% since midnight, extending last week’s divergence. The market is closed today for the national Labor Day holiday.

Altcoins did most of the heavy lifting over the weekend and are now handing back a portion of their gains. Bittensor (TAO), kaspa KAS$0.03548, internet computer (ICP) and celestia (TIA) all rose by more than 12% over the past 24 hours, but the bulk of those moves landed before midnight UTC. Since then TAO is up 0.4%, chainlink LINK$13.32 is up 1%, and NEAR Protocol NEAR$2.3481 has slipped 1.5%.

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