Pi Network Plummets While Bitcoin Soars Past $114K: Crypto Rollercoaster Continues
Crypto markets never sleep—and today’s action is a masterclass in volatility. While Bitcoin flexes its dominance with a surge past $114K, Pi Network investors are left clutching their bags. Here’s the breakdown.
Bitcoin’s Bull Run: The OG crypto defies gravity (again), hitting $114K as institutional money floods in. Meanwhile, altcoins scramble to keep up—or in Pi’s case, faceplant.
Pi’s Pain: The ‘mobile-mining’ darling tanks harder than a DeFi project after a hack. No white knight in sight—just another reminder that in crypto, hype burns faster than it shines.
Market Whiplash: Traders are either popping champagne or drowning their sorrows. Pro tip: If you’re not hedging, you’re basically gambling with Wall Street’s lunch money.
Closing Thought: Bitcoin eats the weak—and today’s menu features Pi Network flambé. Stay greedy, folks.
BTC’s Insecurity Continues
The primary cryptocurrency’s troubles began last Wednesday when the US Federal Reserve refused to lower the key interest rates for the fifth consecutive time. BTC retraced by a few grand but bounced to $119,000 on Thursday.
However, macro uncertainty, such as new tariffs and nuclear submarine movements, resulted in another, more painful nosedive. In just a few days, the cryptocurrency plunged by several grand and bottomed during the weekend at $112,000.
The bulls finally stepped up at this point and started to push the asset north. The gradual ascent culminated yesterday when BTC briefly neared $116,000 but was stopped ahead of that resistance.
In the following hours, Bitcoin dropped to under $113,000 once again. It has recovered some ground and now trades around $114,000, with a market cap of just under $2.270 trillion. Its dominance over the altcoins stands close to 60% on CG.
Alts in Retrace Mode Again
Ethereum was also stopped ahead of a big resistance at $3,700 and now sits closer to $3,600. BNB, TRX, and BCH are with minor losses, while XRP, SOL, DOGE, HYPE, XLM, and TON have dropped by more substantial percentages of up to 4%.
Pi Network’s native token has dropped by 4% as well, and sits close to its all-time low once again, which was recorded at the end of the previous business week. BONK and PENGU have dropped the most from the largest 100 alts, losing 6-7% each.
Litecoin’s LTC is down by 5% after yesterday’s impressive surge. MNT continues to be among the few altcoins in the green, adding another 2-3% since yesterday’s pump.
The cumulative market cap of all cryptocurrency assets has slipped by another $30 billion and is well below $3.8 trillion on CG now.
