{"id":3043,"date":"2026-05-12T21:06:19","date_gmt":"2026-05-12T21:06:19","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3043"},"modified":"2026-05-12T21:06:19","modified_gmt":"2026-05-12T21:06:19","slug":"pi-networks-pi-token-drops-out-of-top-50-as-bitcoin-fails-to-break-above-82000","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/12\/pi-networks-pi-token-drops-out-of-top-50-as-bitcoin-fails-to-break-above-82000\/","title":{"rendered":"Pi Network\u2019s PI Token Drops Out of Top 50 as Bitcoin Fails to Break Above $82,000"},"content":{"rendered":"\n
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PI has recorded a weekly decline of 6 percent, causing the token to lose ground in overall cryptocurrency market capitalization rankings.<\/p>\n\n\n\n

Bitcoin attempted another breakout within the past 12 hours but once again failed to maintain momentum above the $82,000 level before retreating by more than $1,000.<\/p>\n\n\n\n

Most large cap altcoins remained relatively unchanged on a daily basis, although Ethereum slipped back below the $2,300 mark. Meanwhile, XRP and BNB continue competing closely for the fourth largest cryptocurrency position by market capitalization.<\/p>\n\n\n\n

Bitcoin Rejected Again at $82,000<\/strong><\/p>\n\n\n\n

During the previous business week, Bitcoin experienced a strong rally that pushed the leading cryptocurrency to a three month high near $83,000. The asset had gained roughly $8,000 since the prior Wednesday, prompting several analysts to warn that the rally structure appeared vulnerable to a correction.<\/p>\n\n\n\n

Bitcoin eventually declined to around $79,000 by Friday before buyers stepped in to prevent a deeper breakdown. The cryptocurrency then regained momentum over the weekend and quickly climbed back above $80,000.<\/p>\n\n\n\n

Fresh volatility emerged on Monday morning when Bitcoin initially fell to $80,250 before surging to approximately $82,500. However, the rally was abruptly rejected and the asset dropped by nearly $2,000 after US President Donald Trump described Iran\u2019s latest peace proposal as \u201ctotally unacceptable.\u201d<\/p>\n\n\n\n

Bitcoin attempted another recovery yesterday, but the move stalled again at the $82,000 resistance level. The latest rejection pushed the asset back below $81,000, where it continues trading at the time of writing.<\/p>\n\n\n\n

Its market capitalization remains largely unchanged at around $1.62 trillion, while Bitcoin\u2019s dominance over the altcoin market has increased to 58.3 percent.<\/p>\n\n\n\n

BUILDon Climbs Into Top 100 While PI Continues to Slide<\/strong><\/p>\n\n\n\n

Among the top 100 cryptocurrencies, BUILDon emerged as the strongest daily performer. The token surged by an impressive 44 percent to approximately $0.63, allowing it to become the 93rd largest cryptocurrency by market capitalization.<\/p>\n\n\n\n

In contrast, continued weakness in PI has pushed the token out of the top 50 cryptocurrencies after its 6 percent weekly decline.<\/p>\n\n\n\n

CRO, STABLE, TON, and OKB also recorded notable daily gains, while JUP, VVV, and PUMP posted the largest losses.<\/p>\n\n\n\n

Ethereum declined by roughly 2 percent on the day and now trades comfortably below the $2,300 level. XRP, BNB, Solana, and Dogecoin registered modest gains, whereas HYPE, Zcash, and Chainlink each fell by more than 1 percent.<\/p>\n\n\n\n

Overall, the total cryptocurrency market capitalization remained relatively stable compared to yesterday, holding near the $2.8 trillion level.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PI has recorded a weekly decline of 6 percent, causing the token to lose ground in overall cryptocurrency market capitalization rankings. Bitcoin attempted another breakout within...<\/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-3043","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3043","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=3043"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3043\/revisions"}],"predecessor-version":[{"id":3045,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3043\/revisions\/3045"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}