PI and Altcoins Rocket as Bitcoin Flirts With $106K—Here’s Who’s Riding the Bull
Crypto markets went vertical overnight as Bitcoin’s surge toward $106k triggered an altcoin frenzy. PI led the pack with double-digit gains—because nothing pumps like a speculative halo effect when BTC gets frisky.
Meanwhile, second-tier projects scrambled for attention like hedge funds at a free-liquidity buffet. Watch those ’fundamentals’ evaporate faster than a meme trader’s profits when volatility strikes.
Pro tip: When the king coin moves, the court jester alts dance. Just don’t forget who’s holding the leash when the music stops.
New ATH Coming Soon?
If we roll back the clock for a week, we will see that BTC’s price struggled to remain above $94,000 last Monday. After some hesitation around that level for the next day or so, the cryptocurrency started charting impressive gains as the US and China promised to have trade talks during the weekend in Switzerland.
The former also struck a deal with the UK, and the overall improving macroeconomic landscape resulted in more gains for the largest digital asset. Bitcoin skyrocketed past $100,000 on Thursday and kept climbing to $104,000 on Friday.
It faced some resistance there and traded quietly during the weekend, but the bulls went on the offensive once again on Monday morning. At first, Beijing and Washington were slightly vague in their wording about the talks, but later details revealed that both have agreed to lower the tariffs significantly for an initial 90-day period.
BTC jumped to a new multi-month peak of $105,800 (on Bitstamp) before it slipped back down to the current $104,500. Its market cap has risen to $2.075 trillion on CG, while its dominance over the alts has taken another hit and is down to 59.5%.
PI, WIF Fly
As reported earlier, PI Network’s native token has stolen the show once again. Its gains have only amplified since then and PI is up by over 60% as of press time now, trading above $1.5.
WIF follows suit in terms of daily price pumps, having surged by 45% and returning to the top 100 alts by market cap. Other impressive gainers from the larger-cap altcoins include KAS (22%), PEPE (18%), SHIB (9%), DOGE (8%), and LINK (7%).
ETH and XRP have jumped by around 3% each to $2,580 and $2.43, respectively.
The total crypto market cap is up to $3.5 trillion on CG now, meaning another $50 billion added since yesterday.
