Bitcoin slipped below $79,000, down about 1% on Thursday after briefly surpassing $80,000, while XRP fell about 3% to just above $1.41, ending a week with a 28% gain. Solana rose 4% to just above $101, adding to a 19% weekly increase.

Rising expectations for a Federal Reserve rate hike, with Chair Kevin Warsh scheduled to speak at the Jackson Hole conference on Friday, have pressured risk assets. Bitcoin's seven‑day gain shrank from 23% to 14%, and Ether's from 29% to 11%.

Analysts noted that a break above the May high of $82,820 could open a path toward $100,000, though falling open interest indicated short covering rather than new buying pressure. Joel Kruger of LMAX Group said daily charts were overbought but such conditions do not always trigger a reversal. Nvidia shares rose nearly 5% in extended trading after forecasting strong sales growth through 2028, lifting related stocks and contributing to gains in the MSCI Asia Pacific index and South Korea's Kospi. QCP Capital reported that reduced open interest and spot ETF inflows were supporting the market.

The market awaits the Fed's remarks for direction, and the sustainability of the recent rally remains uncertain as liquidity support appears limited.