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Bitcoin Rejected Again at $70K, Slips Below $68K in Overnight Pullback

TL;DR

• Bitcoin was rejected at $70,000 and dropped over $2,000 to below $68,000, keeping XRP under $1.50 and DOGE under $0.10.
• BTC bounced from Feb. 6’s $60,000 low to near $72,000, but trades in $68,000-$72,000; cap $1.355T and dominance below 56.5%.
• PI climbed to nearly $0.18 after swinging from $0.1312 to above $0.20, returning to top 50 at $1.6B; STABLE +15%, M +14%, NEXO +8%, as market cap slipped to $2.4T.

Bitcoin ran into the $70,000 wall again and then gave back more than $2,000 within hours, leaving it struggling below $68,000 into the new session. The overnight rejection is reinforcing a cautious, risk-managed posture across the market. The pullback kept larger-cap alternatives in a sluggish pattern, with XRP well under $1.50 and DOGE slipping beneath $0.10. Most majors stayed stuck in a sluggish business-week rhythm, adding friction to momentum. The failed breakout keeps traders focused on protecting downside while waiting for a clearer catalyst into the next trading day, too.

PI Turns Green as Bitcoin Consolidates

After a sharp drop on February 6 sent BTC to $60,000, its lowest since October 2024, the asset rebounded aggressively and nearly tagged $72,000. The range trade between $68,000 and $72,000 is now the operating framework for both bulls and bears. Last Friday’s dip below the lower boundary was quickly absorbed, and weekend bids even lifted BTC toward $71,000 twice, but another failed breakout pushed price back under $68,000 again. Bitcoin’s market cap slipped to about $1.355 trillion, while dominance fell below 56.5% as volatility keeps compressing around key levels.

Majors mostly stayed on the defensive as Bitcoin stalled. Altcoin leadership is lacking, and that keeps portfolio rotation choppy rather than decisive. Ethereum failed to reclaim $2,000 after another modest daily decline. XRP broke below $1.50 following a 2.3% drop, and the original meme coin traded under $0.10, nearly erasing weekend gains. SOL, ADA, HYPE, and LINK were slightly in the red, while BNB and TRX managed only marginal gains. The setup leaves few obvious leaders for risk reallocation. With most majors red, correlation to BTC remains the dominant driver.

Pi Network’s token was one of the few bright spots, turning green on the day and climbing to nearly $0.18. PI’s rebound is standing out because it is reclaiming visibility while most large caps drift. The token’s week was volatile, swinging from an all-time low of $0.1312 to a local peak above $0.20 before settling lower, yet it returned to the top 50 by market cap at roughly $1.6 billion. Other top 100 gainers included STABLE (15%), M (14%), and NEXO (8%), even as total crypto market cap slipped to $2.4 trillion.