Bitcoin opened the new trading week under pressure, slipping alongside traditional financial markets in a move that closely resembled last Monday’s price action. While most major altcoins posted modest losses, Pi Network’s PI token and PUMP stood out with impressive gains.
Bitcoin Battles to Stay Above $64,000
Bitcoin began the previous week trading around $64,000 before sellers pushed the asset below $62,000. Momentum shifted after softer than expected U.S. inflation data sparked a strong rally that lifted BTC to nearly $65,600, its highest level in roughly three weeks.
The rally proved short lived, however, as Bitcoin retreated to around $62,500 by Friday. Buyers returned over the weekend, helping the cryptocurrency recover to $64,000 before climbing close to $65,000 early Monday.
The optimism faded once again as BTC slipped to approximately $63,700 during the latest trading session. Although it has recovered some of those losses, the leading cryptocurrency continues to trade just below the $64,000 mark.
Bitcoin’s market capitalization remains under $1.29 trillion, while its dominance of the overall crypto market has held steady at around 57 percent.
PI and PUMP Outperform the Market
Pi Network’s native token continued the strong momentum it built yesterday, maintaining most of its double digit gains as it attempts to break above the key $0.10 resistance level.
PUMP delivered the strongest performance among major gainers, surging more than 20 percent to trade around $0.002. On the other hand, HASH posted one of the steepest declines of the day, falling more than 9 percent.
Among larger cryptocurrencies, ZEC recorded the biggest loss, dropping about 6.5 percent to trade below $530. Other notable decliners included RAIN, Bitcoin Cash (BCH), Uniswap (UNI), and Bittensor (TAO), each falling by as much as 3 percent.
Most other large cap assets, including Ethereum, BNB, XRP, Solana, and HYPE, experienced relatively mild declines of less than 1 percent.
Overall, the cryptocurrency market shed roughly $20 billion in value over the past 24 hours, bringing the total market capitalization down to approximately $2.25 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
