Bitcoin Slips Below $79K, XRP Leads Crypto Losses Amid Fed Hike Bets

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Bitcoin has fallen below $79,000 as most major cryptocurrencies traded flat or in the red over the past 24 hours. XRP led the losses among top tokens, even as it still holds a notable 28% gain on a weekly basis. Bitcoin, despite the short-term dip, retains a strong 14% weekly gain. Solana and BNB were exceptions, managing to hold their ground while the broader market slipped. The downturn coincides with traders beginning to price in the possibility of a future Federal Reserve interest rate hike.

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