ICP has seen daily gains in the double digits following its listing on a major Korean exchange.
Bitcoin’s recent push above $70,000 was short-lived. The cryptocurrency was rejected at $71,800 and has now fallen more than $2,000 below that local peak.
Most large-cap altcoins are also trading lower, with Ethereum struggling to stay above the $2,000 mark. ICP and Pi Network’s PI are among the few exceptions posting notable gains.
Bitcoin Drops Below $70,000
A week ago, Bitcoin reached a monthly high of $74,000, climbing $11,000 from a Saturday low of $63,000 amid rising tensions in the Middle East. The momentum could not be maintained, and the price retraced to $68,000 over the weekend.
As the conflict intensified, Bitcoin fell further to $65,600 on Monday morning alongside traditional financial markets. It quickly rebounded after former US President Donald Trump suggested the war was nearing its end. BTC approached $70,000, briefly surpassed it, but strong resistance prevented further gains.
The price reached a six-day high of $71,800 before being pushed downward. Currently, Bitcoin trades well below $70,000 with a market capitalization of $1.39 trillion on CoinGecko. Its dominance over altcoins has also slipped below 57 percent.
ICP and PI Show Strength
Ethereum has fallen more than 2 percent in the past 24 hours but remains just above $2,000. Binance Coin dropped to $640, while XRP slipped below the $1.40 support level. Chainlink has experienced the largest decline among major altcoins, followed by HYPE, Solana, and Cardano.
Other altcoins showing losses include Zcash, Tao, Skycoin, and Uniswap. In contrast, ICP surged 12 percent to $2.70 following its Upbit listing, defying the broader market trend. Pi Network’s PI token also gained around 6 percent, reaching nearly $0.23.
The total cryptocurrency market capitalization has fallen by approximately $50 billion in the past 24 hours, standing at $2.45 trillion at the time of reporting.#crypto #cryptonews https://t.me/coinsignalpublic https://coinsignals.net
