Ripple (XRP) is correcting on Monday, trading around $1.48, a 13% drop from last week’s peak of $1.70. The remittance token surged about 72% from $1.00 last week, in line with the broader crypto market’s bullish outlook.

Bitcoin (BTC/USD) remains close to three-month highs after a strong rebound brought digital assets back into focus. The cryptocurrency has gained more than 20% over the past week and approached $80,000, supported by changing conditions in the US bond market, renewed investor demand and a return of the debasement trade. Bitcoin opened above $77,500 on Monday, 24 August, after reaching around $79,500 on Friday.

The cryptocurrency market is broadly correcting on Monday as investors shift focus to profit-taking…