PI has climbed nearly 20 percent from the record low it set only a few days ago, signaling renewed momentum across parts of the crypto market.
Bitcoin began a sharp advance late Friday, pushing toward the 70,000 dollar level before encountering resistance. Earlier this month, Bitcoin had dropped to 60,000 dollars on February 6, then quickly rebounded to 72,000 dollars. However, it failed to sustain that move and drifted back toward 68,000 dollars, trading within a tight range for several days.
Another rejection near the upper boundary on February 10 led to a decline to 66,000 dollars on February 12 and 65,000 dollars by Friday morning. Buyers defended that zone, triggering a recovery to 68,000 and 69,000 dollars, and eventually lifting the asset close to 70,000 dollars on Saturday. The key resistance level remains intact for now.
Bitcoin’s market capitalization has risen to about 1.39 trillion dollars, while its dominance over alternative cryptocurrencies stands near 56.7 percent.
Altcoins are also posting gains. Ethereum rebounded from below 2,000 dollars to nearly 2,100 dollars after a 6 percent daily increase. XRP recovered to 1.45 dollars after dipping to 1.35 dollars. Solana advanced to 86 dollars with a strong daily rise.
Among larger cap tokens, Zcash led with a 20 percent jump to 280 dollars, followed by HBAR, BCH, XLM, and LINK with solid gains.
Pi Network has shown signs of recovery, rising 8 percent on the day and roughly 18 percent since its recent low. Analysts remain divided on whether the move represents a lasting turnaround or a temporary bounce.
The total cryptocurrency market capitalization has increased by approximately 100 billion dollars over the past day, reaching 2.455 trillion dollars.
