{"id":27388,"date":"2026-05-03T11:36:03","date_gmt":"2026-05-03T11:36:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-market-update-algorand-jumps-while-bitcoin-and-xrp-stay-range-bound\/"},"modified":"2026-05-03T11:36:21","modified_gmt":"2026-05-03T11:36:21","slug":"crypto-market-update-algorand-jumps-while-bitcoin-and-xrp-stay-range-bound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-market-update-algorand-jumps-while-bitcoin-and-xrp-stay-range-bound\/","title":{"rendered":"Crypto market update: Algorand jumps while Bitcoin and XRP stay range-bound"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_8c3510f652684999f14ab11590b6b12d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again.<\/li>\n<li>Iran peace talks affected risk appetite, limiting Bitcoin\u2019s follow-through despite support near $78,000 this week.<\/li>\n<li>XRP held its range while Algorand led altcoin gains with a strong daily advance.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The wider crypto market stayed calm, while XRP held near $1.39 and Algorand led daily gains.<\/p>\n<p>Bitcoin traded near $78,402 after touching an intraday high of $78,963, according to live market data. The asset held above its intraday low of $78,081, showing limited selling after the rejected breakout.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The move kept BTC close to a key resistance area. Market data from crypto.news showed the global crypto market cap at $2.69 trillion, with Bitcoin dominance near 58.5%.<\/p>\n<h2 class=\"wp-block-heading\"><strong>FOMC decision keeps traders cautious<\/strong><\/h2>\n<p>The latest price action followed the Federal Reserve\u2019s April 29 FOMC meeting. The Fed kept interest rates unchanged at 3.5% to 3.75%, while officials remained split on future policy language.<\/p>\n<p>Bitcoin moved sharply around the decision before returning near $78,000. The unchanged rate decision reduced one source of market stress, but uncertainty over future cuts kept traders cautious.<\/p>\n<p>Geopolitical tension also remained a key market driver. Reports said Iran sent a revised peace proposal to the U.S., while Washington continued to review the terms.<\/p>\n<p>Bitcoin had recovered from earlier weakness as peace hopes improved risk appetite. However, Trump\u2019s skeptical tone toward Iran\u2019s proposal limited follow-through and kept traders alert to fresh headlines.<\/p>\n<h2 class=\"wp-block-heading\"><strong>XRP holds range as Ethereum stays firm<\/strong><\/h2>\n<p>XRP traded near $1.39 with about $1.15 billion in 24-hour volume, according to crypto.news data. The token stayed almost flat on the day, leaving traders focused on the $1.35 support and $1.45 resistance area.<\/p>\n<p>A break above $1.45 could open a move toward $1.82, while a fall below $1.35 could expose the $1.00 area, \u201cdepending on the bigger trend direction.\u201d<\/p>\n<p>Ethereum traded near $2,312 after holding above the $2,300 level. Its intraday range stayed narrow, with a high near $2,334 and a low near $2,298.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Algorand leads altcoin gainers<\/strong><\/h2>\n<p>Algorand stood out among major altcoins. ALGO traded near $0.117 after rising about 9% on the day, based on live market data.<\/p>\n<p>Most other large-cap tokens moved within tight ranges. That kept Bitcoin in control of the wider market direction as traders waited for a clear break above $79,000 or renewed weakness below nearby support.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action.\u00a0 Summary Bitcoin rejected near $79,000 as traders stayed&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27388"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27388\/revisions"}],"predecessor-version":[{"id":27389,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27388\/revisions\/27389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15232"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}