Bitcoin extended its recent rally and climbed to 76,000 dollars, marking a new local high before encountering resistance. At the same time, several altcoins posted even stronger gains, while Pi Network continued to decline, briefly falling below 0.18 dollars earlier today.
Bitcoin Climbs to New High Before Pullback
After dropping to 65,600 dollars last Monday, Bitcoin rebounded as bullish momentum returned to the market. By midweek, the asset approached 70,000 dollars but initially faced resistance following the release of United States inflation data.
Momentum strengthened toward the end of the week, allowing Bitcoin to break above that level and reach around 74,000 dollars. Over the weekend, rising geopolitical tensions involving the United States, Israel, and Iran pushed the price back to just above 70,000 dollars.
As the new week began, buyers regained control. Within less than a day, Bitcoin surged again and reached 76,000 dollars, its highest level since early February. After gaining more than 5,000 dollars in a short period, the asset experienced a slight correction and settled near 74,000 dollars.
Its market capitalization is now close to 1.48 trillion dollars according to CoinGecko, while its dominance over altcoins remains below 57 percent.
Altcoins Post Strong Gains
Ethereum briefly approached 2,400 dollars before stabilizing above 2,300 dollars following a modest daily increase. XRP is trading around 1.50 dollars after a similar rise and has moved ahead of BNB in terms of market capitalization.
Other notable performers include Hyperliquid, which climbed above 40 dollars, and Core, which is trading above 0.15 dollars.
Among the standout gainers, Zcash and MemeCore surged by about 16 percent, reaching 270 dollars and 1.72 dollars respectively. Smaller assets such as SIREN, Fetch.ai, and HashAI also recorded double digit gains.
In contrast, Pi Network continued its downward trend, losing around 10 percent of its value over the past day and trading near 0.18 dollars.
Overall, the total cryptocurrency market capitalization has increased by about 30 billion dollars and now stands slightly above 2.6 trillion dollars, based on data from CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
