Pi Network’s PI has surged past $0.20 today, emerging as the top performer in the crypto market, while Bitcoin continued its impressive weekend rally, reclaiming $70,000. The momentum in altcoins has been notable, with XRP, DOGE, and PEPE also posting strong double-digit gains.
Bitcoin’s dramatic turnaround started after February 6, when it hit a low of $60,000 following a rapid $30,000 drop in just 10 days. Bulls prevented further decline, pushing BTC to $72,000, although that level proved too strong. The cryptocurrency then traded sideways between $68,000 and $72,000 for several days. A mid-week rejection saw it dip to $66,000 on Friday, but a strong recovery followed, taking BTC to $69,000 on Saturday and $70,800 on Sunday. It faces some resistance around this level but continues to hold above $70,000. Its market capitalization now stands at $1.41 trillion, with dominance over altcoins slightly reduced to 56.5%.
Altcoins have seen varied performance. ETH, BNB, and TRX have remained relatively flat on daily scales, while XRP and DOGE surged, with DOGE climbing 18% possibly aided by announcements from Elon Musk and XRP reclaiming the $1.60 resistance after an 11% increase. PEPE jumped 25%, while larger-cap altcoins ADA, ZEC, and XLM have also gained. Pi Network’s PI led the market, surging over 35% at its peak before settling around 20% higher.
The total cryptocurrency market capitalization added roughly $40 billion in a single day, bringing it close to $2.5 trillion, signaling strong weekend momentum and renewed investor optimism across both Bitcoin and select altcoins.
