Market Overview
The cryptocurrency market is experiencing mixed performance as Bitcoin (BTC) continues to struggle near the $86,000 mark. Meanwhile, Pi Network’s native token, PI, has shown signs of recovery.
Bitcoin Performance
Bitcoin has faced challenges in regaining its momentum. Just a week ago, BTC was trading near $94,500, but it has since experienced significant declines. After a brief rebound to $90,000 over the weekend, Bitcoin fell sharply on Monday, dropping to just over $85,000. Although it managed to climb back to $88,000 yesterday, it is now struggling to stay above $86,000.
Bitcoin’s market capitalization has decreased to $1.720 trillion, and its dominance over other cryptocurrencies is slightly below 57%.
Altcoin Activity
The larger‑cap altcoins have shown little movement. Ethereum (ETH) is slightly down, trading just above $2,900, while XRP has managed to stay above the $1.90 support level. Binance Coin (BNB) is currently at $860.
Among the altcoins, Bitcoin Cash (BCH) and Monero (XMR) have seen the most significant gains. Conversely, Conflux (CFX) and TAO have experienced the largest drops.
ASTER has continued its downward trend, falling by another 8.5% in the past 24 hours. Other tokens like PUMP and ENA have also seen declines. On the positive side, NIGHT has gained 6%, followed by SKY and PI, both of which have increased by 4%.
Pi Network Update
Pi Network’s token, which had dipped below $0.20 yesterday, is now just above that level, showing a modest recovery.
Overall Market Sentiment
The total cryptocurrency market capitalization has lost another $30 billion overnight and is approaching the $3 trillion mark.
The cryptocurrency market is currently experiencing volatility, with Bitcoin struggling to maintain its value near $86,000. Meanwhile, Pi Network’s token has shown some signs of recovery, and other altcoins are exhibiting mixed performance. Investors are advised to conduct their own research before making any investment decisions.
