PI has erased much of the recent gains but is still trading around $0.20.
Bitcoin’s wild price moves continued over the weekend, as the asset dropped below $67,000 today for the first time since Tuesday.
Most altcoins are also in the red today, with ETH moving away from the desired $2,000 level, while ADA and XMR are down more than 2%. ZEC and PI generated the most waste on a daily basis.
BTC is fighting for $67k
Last weekend brought extreme volatility to the crypto markets after the US and Israel attacked Iran. BTC immediately dropped from $67,000 to $63,000, but rebounded to $68,000 on the day following reports that Iran’s Supreme Leader had been killed in the attacks.
The gains continued in the middle of the working week, when bitcoin reached $74,000, a level not seen in a month. But the bears rose at this point and did not allow further growth.
Just the opposite; BTC lost some value but dumped more on Friday after a weak US jobs report and Trump’s latest threats and comments on Iran and Cuba. It fell further on Sunday to $66,600, its lowest level since Tuesday. However, it has reacted well and is now trading almost much higher.
Currently, BTC’s market cap is $1.350 trillion, while its dominance over alts in CG sits quietly at 56.6%.
PI Nosedives
Pi Network’s native token has bucked the overall market correction over the past few days, reaching a three-month high of over $0.23 yesterday. However, it failed there, and further rejection pushed it south to $0.20 at press time. ZEC is following through on daily losses and is currently struggling below $200.
Most of the larger alternatives are also available in red, but in a less painful way. ETH is firmly below the $2,000 level after another minor decline, while BNB is down to $620. SOL, XRP, ADA, XMR and LINK are also not working today.
The total crypto market capitalization is around $30 billion per day, and is less than $2.4 trillion in CG to date.
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