Bitcoin’s underwhelming price moves over the weekend continued as the asset dipped below $67,000 earlier today for the first time since Tuesday.
Most altcoins are also in the red today, with ETH slipping further away from the coveted $2,000 level, while ADA and XMR are down by over 2%. ZEC and PI have dumped the most daily.
Last weekend brought intense volatility for the crypto markets after the US and Israel attacked Iran. BTC dropped immediately from $67,000 to $63,000 but rebounded within the day to $68,000 after reports that the Iranian Supreme Leader was killed during the attacks.
The gains continued by the middle of the business week when bitcoin peaked at $74,000, a level not seen in a month. However, the bears stepped up at this moment and didn’t allow for any further increases.
Just the opposite; BTC started to lose value but dumped the most on Friday after a weak US jobs report and Trump’s latest threats and remarks on Iran and Cuba. It slipped further on Sunday, dipping to $66,600, which became its lowest level since Tuesday. However, it reacted well and now trades almost a grand higher.
As of now, BTC’s market cap has settled at $1.350 trillion, while its dominance over the alts sits quietly at 56.6% on CG.
Pi Network’s native token defied the overall market correction in the past few days, skyrocketing to a three-month peak of over $0.23 yesterday. However, it failed there, and the subsequent rejection has pushed it south hard to $0.20 as of press time. ZEC follows suit in terms of daily losses and now struggles below $200.
Most larger-cap alts are also in the red, but in a less painful manner. ETH has decisively broken below the $2,000 level after another minor decline, while BNB is down to $620. SOL, XRP, ADA, XMR, and LINK are also down today.
The total crypto market cap has shed around $30 billion daily and is below $2.4 trillion as of now on CG.
The post Bitcoin Struggles to Maintain $67K, Pi Network’s PI Plunges After Recent Rally: Weekend Watch appeared first on CryptoPotato.
