Pi Network’s Pi Crumbles to New ATL, Bitcoin (BTC) Halted at $64K: Market Watch
Bitcoin’s worth confronted one other rejection following the renewed strikes within the Middle East and Trump’s newest assertion, going from over $64,000 to underneath $62,000 in hours.
Most altcoins have joined the experience south, with ETH sliding under $1,750, whereas XRP has dropped beneath $1.10. PI has marked one other all-time low.
BTC Dips Below $62K
The begin of July has been a mini rollercoaster for the first cryptocurrency. It dipped under $58,000 on July 1 for the primary time in practically two years, however started its gradual restoration instantly and surged to over $63,000 over the weekend. After a minor retracement there, it jumped to $64,000 on Monday morning for the primary time in two weeks.
However, Strategy’s new and far larger BTC sale drove it south again, because the asset dumped to $61,200 in a FUD-induced transfer. While many anticipated one other leg down, bitcoin went in the other way and jumped previous $64,600 inside hours. This was one other short-lived rally, although, and it slipped to $62,600 yesterday.
Another leg up adopted, driving the cryptocurrency to $64,200, the place it was rejected once more after the US and Iran launched new strikes in opposition to one another. The panorama worsened hours in the past after Trump stated he believes the MoU with Iran is ‘over.’ BTC dumped additional, dropping under $62,000 for the second time this week.
Its market cap has retreated to $1.240 trillion, whereas its dominance over the alts stays at 56.6% on CG.
PI’s New ATL, LAB’s Crash
Pi Network’s native token continues to be among the many poorest performers throughout this cycle. It retains dropping to new all-time lows, and it hit a brand new one earlier right now. Despite the brand new updates from the crew, PI plummeted by over 8% and crashed to $0.101 (on CoinGecko) to set a brand new low. It’s down by over 96.5% since its ATH in February 2025.
LAB has dumped essentially the most over the previous 24 hours. The token has misplaced over 80% of its worth and now struggles under $2.30. PUMP, BEAT, and JUMP full the double-digit losers membership right now.
Ethereum and Binance Coin have misplaced over 2% of worth, whereas XRP, SOL, HYPE, and DOGE are down by 4-5%. XLM, NEAR, ADA, and CC have dropped by greater than 5% day by day. ZEC is among the many few exceptions within the inexperienced now after the recent update from founder Zooko Wilcox-O’Hearn.
The complete crypto market cap has shed $50 billion in a day and is under $2.2 trillion on CG now.
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