Bitcoin briefly climbed to $64,000 for the first time in about two weeks before losing momentum and retreating below the $63,000 level. While the broader crypto market remained relatively quiet, Pi Network continued its downward trend and is now approaching a new all time low.
Bitcoin Rally Loses Steam at $64,000
Bitcoin endured a difficult June, extending the decline that began after its rejection around $83,000 in mid May. The leading cryptocurrency finished the month with a 20 percent loss, marking its weakest monthly performance in four years.
The bearish pressure carried into early July, briefly pushing BTC below $58,000, its lowest level since October 2024.
Buyers eventually stepped in, triggering a steady recovery over the following days. Bitcoin reclaimed the $60,000 level before continuing its gradual climb throughout the weekend.
The recovery peaked earlier today when BTC touched $64,000, reaching its highest price in two weeks. However, the rally quickly lost momentum as sellers returned, sending the asset back below $63,000.
Bitcoin’s market capitalization now stands just under $1.26 trillion, while its dominance of the overall cryptocurrency market remains above 56 percent.
Pi Network Continues to Struggle
Most large capitalization cryptocurrencies traded within a narrow range over the past 24 hours, with only modest price movements across the market.
Ether, BNB, Solana, XRP, and TRON posted gains of up to 1 percent, while Zcash and Cardano slipped by around 2 percent.
Among the stronger performers, Hyperliquid advanced 2.5 percent, while Stellar gained 3.6 percent. Meanwhile, Rain declined by approximately 3 percent.
In the mid and lower capitalization segment, DeXe and Litentry emerged as the biggest gainers, with both posting double digit increases. LIT’s latest rally has also strengthened its position among the top 100 cryptocurrencies by market capitalization.
On the downside, Pi Network remained one of the weakest performers. Its native PI token has continued to lose value and is now trading below $0.115, leaving it just 1 percent away from setting a new all time low after reaching its previous record low in late June.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
