{"id":3163,"date":"2026-05-17T21:18:28","date_gmt":"2026-05-17T21:18:28","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3163"},"modified":"2026-05-17T21:18:28","modified_gmt":"2026-05-17T21:18:28","slug":"pi-networks-pi-token-slides-further-as-bitcoin-stabilizes-around-78k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/17\/pi-networks-pi-token-slides-further-as-bitcoin-stabilizes-around-78k\/","title":{"rendered":"Pi Network\u2019s PI Token Slides Further as Bitcoin Stabilizes Around $78k"},"content":{"rendered":"\n
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PI has dropped out of the top 50 cryptocurrencies by market capitalization following its latest decline.<\/p>\n\n\n\n

Bitcoin appears to have stabilized near the $78,000 level after shedding more than $4,000 from Thursday evening\u2019s local peak of $82,000 and falling to a multi week low yesterday.<\/p>\n\n\n\n

Most large cap altcoins have remained relatively quiet over the past 24 hours, with the exception of the leading privacy focused cryptocurrencies, which posted notable recoveries.<\/p>\n\n\n\n

Bitcoin Holds Near $78K After Volatile Week<\/strong><\/p>\n\n\n\n

Less than two weeks ago, bitcoin surged to nearly $83,000, marking its highest price in three months. The rally represented a recovery of almost 40% from the lows recorded in early February. However, the upward momentum quickly faded as BTC was rejected at that level and slipped back to around $79,000 by Friday.<\/p>\n\n\n\n

Following a calm weekend, bitcoin attempted another breakout on Monday, climbing above $82,400 before facing renewed selling pressure that pushed it back toward $80,000 during the following days.<\/p>\n\n\n\n

Market bears intensified pressure on Wednesday, dragging BTC down to approximately $78,500. Optimism briefly returned after positive developments related to the CLARITY Act in the US Senate, helping bitcoin surge once again toward the $82,000 mark.<\/p>\n\n\n\n

Even so, the resistance proved too strong. BTC rapidly fell to $80,500 within hours before dropping further to a two week low of $77,600 between Friday evening and Saturday. Since then, the cryptocurrency has recovered slightly and is currently trading just above $78,000.<\/p>\n\n\n\n

Bitcoin\u2019s market capitalization has now slipped to $1.560 trillion, although its dominance over the altcoin market remains strong at more than 58%, according to CoinGecko.<\/p>\n\n\n\n

PI Token Drops Out of Top 50 Cryptocurrencies<\/strong><\/p>\n\n\n\n

The broader altcoin market has shown limited movement over the past day. Ethereum, XRP, Solana, and BNB remain slightly in negative territory, while TRX, Cardano, and Dogecoin have posted only modest gains.<\/p>\n\n\n\n

Among the stronger performers, HYPE climbed more than 2% to $43, Monero advanced 3% to $390, and Zcash surged over 4.5% to trade above $515.<\/p>\n\n\n\n

Pi Network\u2019s PI token experienced another sharp decline yesterday and is now down more than 8% on a weekly basis. The token also lost the important $0.165 support level, a move that some analysts believe could trigger another fall toward fresh all time lows.<\/p>\n\n\n\n

As a result of the latest drop, PI has fallen out of the top 50 cryptocurrencies by market capitalization.<\/p>\n\n\n\n

The total cryptocurrency market capitalization remains below $2.680 trillion after losing more than $100 billion since Thursday\u2019s peak.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PI has dropped out of the top 50 cryptocurrencies by market capitalization following its latest decline. Bitcoin appears to have stabilized near the $78,000 level after...<\/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-3163","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3163","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=3163"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3163\/revisions"}],"predecessor-version":[{"id":3165,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3163\/revisions\/3165"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}