Bitcoin has once again faced resistance at the $70,000 level and dropped over $2,000 in the hours following, trading below $68,000 at the time of reporting. The cryptocurrency had previously plunged to $60,000 on February 6, its lowest level since October 2024, before rebounding to nearly $72,000. Price action since then has ranged between $68,000 and $72,000, with bulls managing to prevent further declines after last Friday’s dip. Despite attempts to move higher over the weekend, BTC was rejected again and fell below $68,000, with its market capitalization dropping to $1.355 trillion and dominance over altcoins slipping below 56.5 percent.
Most large-cap altcoins remain subdued. Ethereum failed to reclaim $2,000, XRP dropped below $1.50, and DOGE fell under $0.10, nearly erasing weekend gains. SOL, ADA, HYPE, and LINK saw minor losses, while BNB and TRX recorded modest increases.
Meanwhile, Pi Network’s native token PI has returned to the top 50 altcoins by market capitalization, trading near $0.18 after a volatile week ranging from $0.1312 to above $0.20. Its market cap currently stands at $1.6 billion. Other notable gainers among the top 100 altcoins include STABLE, up 15 percent; M, up 14 percent; and NEXO, up 8 percent. Despite these gains, the total crypto market capitalization has retreated to $2.4 trillion according to CoinGecko.
