PI has recorded a weekly decline of 6 percent, causing the token to lose ground in overall cryptocurrency market capitalization rankings.
Bitcoin attempted another breakout within the past 12 hours but once again failed to maintain momentum above the $82,000 level before retreating by more than $1,000.
Most large cap altcoins remained relatively unchanged on a daily basis, although Ethereum slipped back below the $2,300 mark. Meanwhile, XRP and BNB continue competing closely for the fourth largest cryptocurrency position by market capitalization.
Bitcoin Rejected Again at $82,000
During the previous business week, Bitcoin experienced a strong rally that pushed the leading cryptocurrency to a three month high near $83,000. The asset had gained roughly $8,000 since the prior Wednesday, prompting several analysts to warn that the rally structure appeared vulnerable to a correction.
Bitcoin eventually declined to around $79,000 by Friday before buyers stepped in to prevent a deeper breakdown. The cryptocurrency then regained momentum over the weekend and quickly climbed back above $80,000.
Fresh volatility emerged on Monday morning when Bitcoin initially fell to $80,250 before surging to approximately $82,500. However, the rally was abruptly rejected and the asset dropped by nearly $2,000 after US President Donald Trump described Iran’s latest peace proposal as “totally unacceptable.”
Bitcoin attempted another recovery yesterday, but the move stalled again at the $82,000 resistance level. The latest rejection pushed the asset back below $81,000, where it continues trading at the time of writing.
Its market capitalization remains largely unchanged at around $1.62 trillion, while Bitcoin’s dominance over the altcoin market has increased to 58.3 percent.
BUILDon Climbs Into Top 100 While PI Continues to Slide
Among the top 100 cryptocurrencies, BUILDon emerged as the strongest daily performer. The token surged by an impressive 44 percent to approximately $0.63, allowing it to become the 93rd largest cryptocurrency by market capitalization.
In contrast, continued weakness in PI has pushed the token out of the top 50 cryptocurrencies after its 6 percent weekly decline.
CRO, STABLE, TON, and OKB also recorded notable daily gains, while JUP, VVV, and PUMP posted the largest losses.
Ethereum declined by roughly 2 percent on the day and now trades comfortably below the $2,300 level. XRP, BNB, Solana, and Dogecoin registered modest gains, whereas HYPE, Zcash, and Chainlink each fell by more than 1 percent.
Overall, the total cryptocurrency market capitalization remained relatively stable compared to yesterday, holding near the $2.8 trillion level.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
