Pi Network’s PI Token Is Back in Green as Bitcoin (BTC) Struggles at $68K: Market Watch

Bitcoin was stopped as soon as once more at the coveted $70,000 resistance yesterday, and the asset slipped by over two grand in the next hours, presently struggling beneath $68,000.

Most larger-cap alts have continued their sluggish enterprise week efficiency, with XRP nicely beneath $1.50 and DOGE dipping beneath $0.10.

BTC Below $68K Again

The main cryptocurrency reacted nicely to the worth drop on February 6 when it plunged to its lowest place since October 2024 at $60,000. After shedding $30,000 in simply over per week, the asset went on the offensive and nearly instantly rocketed to $72,000.

It confronted resistance at that time and spent the next days buying and selling between $68,000 and $72,000. The decrease boundary gave in final Friday, however the bulls rapidly intercepted the transfer and didn’t permit additional declines.

Just the alternative; BTC began to get well some floor over the weekend and neared $71,000 on a few events. It couldn’t proceed north, although, and the following rejections pushed it south to underneath $68,000 yesterday after one other unsuccessful breakout try.

Bitcoin continues to commerce beneath that stage as of press time, with its market cap declining additional to $1.355 trillion on CG. Its dominance over the alts has additionally been hit and is now beneath 56.5%.

PI Back in Top 50

Ethereum has failed at reclaiming the $2,000 resistance after one other minor every day decline. XRP has misplaced the $1.50 help following a 2.3% drop since yesterday. The OG meme coin is beneath $0.10 as it almost erased all beneficial properties posted throughout the weekend. SOL, ADA, HYPE, and LINK are additionally barely in the purple, whereas BNB and TRX have posted insignificant beneficial properties.

Pi Network’s native token has turned inexperienced every day, leaping to nearly $0.18. Recall that the asset went through a wild ride in the previous week, from an all-time low of $0.1312 to an area peak of over $0.20 earlier than it settled now. Nevertheless, it has returned to the highest 50 alts by market cap as its personal is at $1.6 billion.

The different huge gainers from the highest 100 alts are STABLE (15%), M (14%), and NEXO (8%). The whole crypto market cap, although, has slipped again right down to $2.4 trillion on CG.

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