Bitcoin has stabilized above the $64,000 mark after extending its recovery this week, while the broader cryptocurrency market remains largely range bound. Among the top 100 digital assets, BEAT led daily gains with a strong double digit rally, whereas BDX posted the steepest decline.
Bitcoin Consolidates Above $64,000
Bitcoin has maintained its momentum after rebounding from its sharp drop below $58,000 on July 1, when it briefly hit its lowest level in years. The recovery quickly pushed the asset back above $60,000 before it climbed to $63,000 over the weekend.
The rally continued into Monday as BTC reclaimed $64,000, but sentiment briefly weakened after Strategy revealed its largest Bitcoin sale to date, offloading more than 3,500 BTC. The announcement triggered a decline to around $61,200.
Buyers quickly stepped in, driving Bitcoin back toward $64,500 before renewed geopolitical tensions between the United States and Iran sparked another pullback to roughly $61,500.
Despite the volatility, bullish momentum returned later in the week. Supported in part by renewed inflows into spot Bitcoin exchange traded funds, BTC climbed back above $64,000 on Friday. After a brief dip below that level, the cryptocurrency is once again trading comfortably above the key price threshold.
Bitcoin’s market capitalization has risen to nearly $1.29 trillion, while its market dominance has edged down to 56.3 percent from 56.6 percent earlier this week as some capital rotated into alternative cryptocurrencies.
PI Extends Its Losing Streak
Pi Network’s native token remains under heavy selling pressure and continues to establish new record lows. Earlier this week, PI fell to an all time low of $0.09663 before recovering slightly by just over 2 percent. Even with the modest rebound, the token remains below the psychologically important $0.10 level.
Elsewhere, most large cap cryptocurrencies traded within a narrow range. Ethereum hovered near $1,800, BNB approached $580, and XRP continued to battle around the $1.10 mark. Solana remained below $80, while HYPE slipped another 2.7 percent, moving further away from the $70 level.
Among the top 100 cryptocurrencies by market capitalization, BEAT delivered the strongest performance with a surge of roughly 30 percent to nearly $3. On the other hand, BDX and MORPHO were the weakest performers, each losing around 9 percent over the past day.
The total cryptocurrency market capitalization remained broadly unchanged at approximately $2.28 trillion, reflecting a relatively quiet trading session across the market.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
