{"id":4228,"date":"2026-06-26T07:02:10","date_gmt":"2026-06-26T07:02:10","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4228"},"modified":"2026-06-26T07:02:10","modified_gmt":"2026-06-26T07:02:10","slug":"pi-network-nears-record-low-as-bitcoin-recovers-from-another-drop-to-59k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/26\/pi-network-nears-record-low-as-bitcoin-recovers-from-another-drop-to-59k\/","title":{"rendered":"Pi Network Nears Record Low as Bitcoin Recovers From Another Drop to $59k"},"content":{"rendered":"\n
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The crypto market remained under heavy pressure over the past 24 hours, with Bitcoin briefly falling toward $59,000 for the second time this month before staging a rebound above $61,000.<\/p>\n\n\n\n

Most major altcoins followed Bitcoin lower and remain in negative territory. Ethereum has slipped to around $1,650, while XRP continues trading below the key $1.10 level.<\/p>\n\n\n\n

Bitcoin Recovers After Sharp Selloff<\/p>\n\n\n\n

Following last week\u2019s decline after the latest FOMC meeting, Bitcoin dropped from $66,400 to $62,400 within days. The leading cryptocurrency quickly recovered over the weekend, climbing to $64,000 before surging to $65,600 on Monday.<\/p>\n\n\n\n

That recovery was short lived.<\/p>\n\n\n\n

Sellers quickly returned and pushed Bitcoin back below $63,000, where it traded sideways for roughly 24 hours before another aggressive selloff hit the market.<\/p>\n\n\n\n

In just a few hours, Bitcoin plunged from around $63,000 to below $60,000, marking its second major breakdown this month.<\/p>\n\n\n\n

The asset lost roughly $4,000 in value and fell to $59,050 on Bitstamp, its lowest price in nearly two years.<\/p>\n\n\n\n

The drop coincided with another sharp decline in Strategy stock, as the relationship between Bitcoin\u2019s price action and Strategy\u2019s market performance continues to attract attention.<\/p>\n\n\n\n

Buyers eventually stepped in, helping Bitcoin recover by more than $2,000. BTC is now trading above $61,500.<\/p>\n\n\n\n

Its market capitalization has climbed back to approximately $1.235 trillion, according to CoinGecko, while Bitcoin dominance stands at 56.1%.<\/p>\n\n\n\n

Altcoins Stay Under Pressure<\/p>\n\n\n\n

The broader altcoin market also remains weak.<\/p>\n\n\n\n

Ethereum is down more than 1% over the past 24 hours and is currently struggling near $1,650 after rebounding from around $1,600.<\/p>\n\n\n\n

BNB has slipped to $570, while XRP has lost the important $1.10 support level. XRP briefly dropped below $1.05 before recovering slightly to around $1.08.<\/p>\n\n\n\n

Other major assets including Dogecoin, Solana, TRON, Stellar, Monero, and Hedera are also trading in the red.<\/p>\n\n\n\n

MemeCore Crashes While AAVE Surges<\/p>\n\n\n\n

MemeCore was among the biggest losers, collapsing more than 70% over the past day and falling below $0.80. The crash followed market instability linked to the depegging issues involving Magic Internet Money.<\/p>\n\n\n\n

In contrast, Aave emerged as one of the few major gainers, rising 14% to trade above $81.<\/p>\n\n\n\n

Meanwhile, Pi Network came dangerously close to setting a new all time low after falling toward $0.12.<\/p>\n\n\n\n

The token narrowly avoided breaking below its current record low of $0.1189, managing to stay just above that level for now.<\/p>\n\n\n\n

The total cryptocurrency market capitalization has fallen to approximately $2.2 trillion, reflecting continued weakness across the broader market.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market remained under heavy pressure over the past 24 hours, with Bitcoin briefly falling toward $59,000 for the second time this month before staging...<\/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-4228","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4228","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=4228"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4228\/revisions"}],"predecessor-version":[{"id":4230,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4228\/revisions\/4230"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}