Meanwhile, ONDO posted the strongest gains among major altcoins today, while NEAR and HYPE also moved sharply higher.
Bitcoin failed to break above the $82,000 resistance level last week, triggering a steep correction that pushed the asset down to a three week low near $76,000 before buyers stepped in to support the price.
At the same time, several large cap altcoins recorded solid gains over the last 24 hours, including HYPE, Zcash, and Bitcoin Cash.
Bitcoin Attempts Recovery After Sharp Pullback
Bitcoin spent the past few weeks repeatedly attempting to move above the $82,000 resistance range. However, every breakout effort was rejected, including one move to $82,800 and three separate failures near $82,000.
The latest unsuccessful breakout occurred last Thursday after the US Senate Banking Committee approved the CLARITY Act.
Following the announcement, Bitcoin surged rapidly from around $79,000 to $82,000 within hours before facing another strong rejection that sparked a broader selloff.
This latest decline proved more severe than previous pullbacks. By Friday evening, BTC had already slipped below $80,000 before falling further to roughly $77,500 on Saturday.
After stabilizing around $78,000 throughout Sunday, bearish momentum intensified again on Monday, driving Bitcoin down to approximately $76,000, its lowest level in more than three weeks.
The sharp correction erased nearly $6,000 from Bitcoin’s value within a matter of days before buyers finally returned to prevent further downside, at least temporarily.
Even so, BTC continues to struggle below the $77,000 level after failing to reclaim it earlier today.
Bitcoin’s total market capitalization now sits below $1.54 trillion, while its dominance over the broader altcoin market has declined to 58.2 percent, according to data from CoinGecko.
PI Token Shows Signs of Stabilization
Major cryptocurrencies such as Ethereum, Solana, BNB, TRON, XRP, Dogecoin, and Cardano traded mostly flat over the past day with minimal price movement.
HYPE, however, continued to outperform much of the market, climbing to within roughly $12 of its 2025 all time high.
Zcash also emerged as one of the stronger performers among larger altcoins, rising 7 percent to around $560.
Bitcoin Cash rebounded by approximately 4.5 percent after yesterday’s sharp decline, while NEAR Protocol gained 7 percent to trade near $1.60.
Ondo led the day’s rally with a 12 percent surge that pushed the token close to $0.38.
Meanwhile, Pi Network finally showed signs of stabilization after weeks of losses.
The PI token recently dropped to a three month low near $0.145 but has since recovered modestly and now trades above $0.15. Despite the rebound, the token remains down roughly 14 percent over the past two weeks.
The total cryptocurrency market capitalization remains largely unchanged from yesterday at approximately $2.63 trillion, based on CoinGecko data.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
