Pi Network’s native token staged a strong recovery over the weekend following its recent plunge, while Bitcoin climbed back toward the $64,000 mark. Among today’s standout performers, CRO and VVV also posted notable gains.
Bitcoin briefly extended its recent pullback on Friday before buyers stepped in, helping the leading cryptocurrency recover quickly and once again test the $64,000 level.
Meanwhile, most major altcoins traded within a narrow range over the past 24 hours. Ethereum, XRP, and Solana recorded modest gains, while Cardano outperformed the large cap group.
Bitcoin Reclaims Lost Ground
Bitcoin began the week under pressure, falling from around $64,000 to below $62,000 as investors reacted to renewed geopolitical tensions in the Middle East.
The market remained largely unaffected after Strategy announced it had neither bought nor sold Bitcoin, with attention instead shifting to the latest US inflation data released on Tuesday.
Inflation came in at 3.5 percent, beating expectations of 3.8 to 3.9 percent. The lower than expected reading sparked renewed optimism across financial markets, sending Bitcoin from below $62,000 to a three week high of $65,500 by Wednesday.
However, the rally lost momentum at that level, and as has happened on several recent Fridays, Bitcoin experienced another sharp correction, falling to around $62,400.
Buyers quickly regained control, preventing a deeper decline and pushing the asset back to roughly $64,400 earlier today. Although it has faced resistance, Bitcoin continues to trade near the $64,000 level as analysts anticipate increased market volatility.
Bitcoin’s market capitalization remains above $1.28 trillion, while its dominance of the overall crypto market stands at 56.5 percent.
Pi, CRO, and VVV Lead the Altcoin Gains
Most leading altcoins posted relatively modest moves, with Ethereum, XRP, Solana, Hyperliquid, Dogecoin, Zcash, and Stellar all recording slight gains. On the downside, BB, TRON, and RAIN slipped marginally.
Cardano rose more than 4.5 percent to trade above $0.165, extending its recent strength.
CRO also continued its upward momentum, gaining over 5 percent following the announcement of a $400 million investment in the exchange behind the token.
Pi Network remained one of the market’s top performers after bouncing sharply from the $0.07 support level. The token had fallen to new record lows earlier in the week but has since recovered above $0.08 after climbing about 8 percent over the past day.
The broader cryptocurrency market also strengthened, with total market capitalization increasing by approximately $30 billion over the last 24 hours to surpass $2.27 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
