{"id":2987,"date":"2026-05-10T21:13:14","date_gmt":"2026-05-10T21:13:14","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2987"},"modified":"2026-05-10T21:13:14","modified_gmt":"2026-05-10T21:13:14","slug":"pi-networks-pi-token-faces-fresh-rejection-as-bitcoin-nears-81k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/10\/pi-networks-pi-token-faces-fresh-rejection-as-bitcoin-nears-81k\/","title":{"rendered":"Pi Network\u2019s PI Token Faces Fresh Rejection as Bitcoin Nears $81k"},"content":{"rendered":"\n
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Pi Network\u2019s native PI token came under renewed pressure this week as growing uncertainty surrounding the project continued to weigh on sentiment.<\/p>\n\n\n\n

Meanwhile, Bitcoin recovered strongly after falling to $79,000 on Friday. Although weekend trading remained relatively calm, the leading cryptocurrency gradually climbed back toward the $81,000 mark yesterday.<\/p>\n\n\n\n

Across the broader market, most altcoins slipped into the red following Saturday\u2019s rally. However, Ethereum, XRP, and BNB managed to hold above important support zones.<\/p>\n\n\n\n

Bitcoin Briefly Reclaims $81K<\/strong><\/p>\n\n\n\n

The week started with heightened volatility for Bitcoin. On Monday, the asset surged above $80,000 for the first time since late January before dropping sharply to $78,400 amid reports claiming Iran had targeted a US Navy vessel. After US officials denied the reports, Bitcoin quickly rebounded and reclaimed the $80,000 level.<\/p>\n\n\n\n

Bullish momentum continued over the following days, pushing BTC close to $83,000 and marking its highest level in three months. Following an $8,000 rally within roughly a week, the asset eventually entered a short correction phase and retreated to $79,000 on Friday.<\/p>\n\n\n\n

The market later stabilized, allowing Bitcoin to recover above $80,000 after US President Donald Trump announced a temporary three day ceasefire agreement between Ukraine and Russia. BTC briefly touched $81,000 but failed to maintain momentum above that level and now trades slightly below it.<\/p>\n\n\n\n

Bitcoin\u2019s market capitalization remains above $1.61 trillion, while its dominance over the altcoin market continues to stay above 58%.<\/p>\n\n\n\n

Altcoins Pull Back After Rally<\/strong><\/p>\n\n\n\n

Most altcoins posted notable gains earlier in the weekend, with several mid cap tokens recording double digit surges. However, the market has since turned negative, with losses spreading across major assets.<\/p>\n\n\n\n

Internet Computer and World Liberty Financial recorded the steepest declines at around 9%, while Ondo dropped roughly 7.5%. Other cryptocurrencies including Zcash, Stellar, Chainlink, Dogecoin, and Cardano also traded lower.<\/p>\n\n\n\n

On the other hand, Solana, Bitcoin Cash, and Ethereum held modest gains, while Uniswap climbed 3.5% to trade above $3.85.<\/p>\n\n\n\n

Pi Network\u2019s PI token once again failed to break through resistance at $0.18, marking the second rejection in recent weeks. The token has now slipped to around $0.175 after declining 5% over the past week.<\/p>\n\n\n\n

The total cryptocurrency market capitalization remains close to $2.8 trillion.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pi Network\u2019s native PI token came under renewed pressure this week as growing uncertainty surrounding the project continued to weigh on sentiment. Meanwhile, Bitcoin recovered strongly...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2987","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2987"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2987\/revisions"}],"predecessor-version":[{"id":2988,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2987\/revisions\/2988"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}