Bitcoin Drops Below $77K as Oil Rallies and Fed Looms; Altcoins Diverge with PI Jump, XRP Near $1.40 Support

Bitcoin slipped below $77,000 after failing to clear resistance near $79k, declining about 2.4% to roughly $76,923 as oil prices climbed and traders awaited a Federal Reserve decision ^{[1] [2] [3]}.

Major altcoins extended losses — Ether, Solana and XRP were down roughly 3–4% over the 24‑hour period — while a handful of tokens diverged: DOGE showed relative strength and Pi Network’s PI token jumped as BTC stalled ^{[1] [3]}.

Technical commentary flagged XRP near a critical $1.40 support with a descending‑triangle setup and a bearish MACD crossover, even as reported inflows into XRP ETF products ranged from about $15.74M to $25M last week ^[4].

On‑chain and exchange metrics also shifted: an inter‑exchange flow pulse rose 136%, a signal some analysts interpreted as a return to risk‑on positioning in the market; nevertheless, markets remain sensitive to upcoming macro events including the Fed decision and energy‑price moves ^{[5] [1] [2]}.

Traders will likely watch the Fed outcome and oil‑market developments for near‑term direction as on‑chain flow and technical setups continue to influence positioning ^{[1] [2] [5]}.