{"id":4698,"date":"2026-07-14T21:56:55","date_gmt":"2026-07-14T21:56:55","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4698"},"modified":"2026-07-14T21:56:55","modified_gmt":"2026-07-14T21:56:55","slug":"pi-network-extends-record-slide-as-bitcoin-recovers-from-sharp-drop-below-62k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/14\/pi-network-extends-record-slide-as-bitcoin-recovers-from-sharp-drop-below-62k\/","title":{"rendered":"Pi Network Extends Record Slide as Bitcoin Recovers From Sharp Drop Below $62k"},"content":{"rendered":"\n
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Bitcoin bounced back after falling below the $62,000<\/strong> mark, while Pi Network\u2019s PI token<\/strong> continued its steep decline, setting yet another all time low as selling pressure persisted across the broader crypto market.<\/p>\n\n\n\n

Among major altcoins, DEXE<\/strong> joined PI as one of the day\u2019s biggest losers, while HASH<\/strong> stood out with a rally of more than 25%<\/strong>.<\/p>\n\n\n\n

Bitcoin Recovers After Geopolitical Selloff<\/strong><\/p>\n\n\n\n

Bitcoin\u2019s recent price action has been dominated by macro events and geopolitical tensions.<\/p>\n\n\n\n

Last week, the market initially reacted to Strategy\u2019s<\/strong> announcement that it had sold a large portion of its Bitcoin holdings. The news sent BTC tumbling from around $64,000<\/strong> to nearly $61,200<\/strong>, before buyers stepped in and pushed the asset back above $64,600<\/strong> within hours.<\/p>\n\n\n\n

The recovery proved short lived as renewed military tensions between the United States and Iran reignited risk aversion across financial markets. Bitcoin slipped again, this time falling to roughly $61,600<\/strong>, before recovering over the weekend to trade near $64,000<\/strong>.<\/p>\n\n\n\n

The latest wave of selling came after President Donald Trump reinstated the US Navy blockade in the Strait of Hormuz, sending Bitcoin to another multi day low of approximately $61,800<\/strong>. The cryptocurrency has since rebounded by nearly $1,000<\/strong>, although it remains about 3% lower<\/strong> over the past month.<\/p>\n\n\n\n

Bitcoin\u2019s market capitalization remains below $1.26 trillion<\/strong>, while its market dominance has held steady at 56.7%<\/strong>, according to CoinGecko.<\/p>\n\n\n\n

PI Token Hits Another All Time Low<\/strong><\/p>\n\n\n\n

Pi Network\u2019s native token continues to rank among the weakest performers of the current market cycle.<\/p>\n\n\n\n

After failing to break above $0.30<\/strong> in March, PI has remained under persistent selling pressure, repeatedly setting new record lows. Following yesterday\u2019s decline to $0.086<\/strong>, the token fell even further over the past 24 hours, dropping to just above $0.07<\/strong> and marking another all time low.<\/p>\n\n\n\n

DEXE also posted double digit losses after its recent rally lost momentum.<\/p>\n\n\n\n

On the other hand, HASH<\/strong> led the day\u2019s gainers with a surge of more than 25%<\/strong> to around $0.0095<\/strong>, while BDX<\/strong> climbed roughly 10%<\/strong> to trade near the same price level.<\/p>\n\n\n\n

Altcoins Remain Under Pressure<\/strong><\/p>\n\n\n\n

The broader altcoin market continued to weaken, with Ethereum, XRP, Solana, TRON, Dogecoin, Rain,<\/strong> and Stellar<\/strong> posting losses of up to 2%<\/strong> over the past day.<\/p>\n\n\n\n

Meanwhile, Hyperliquid (HYPE), Zcash (ZEC),<\/strong> and Stellar (XLM)<\/strong> recorded steeper declines of more than 3%<\/strong>.<\/p>\n\n\n\n

As losses spread across the market, the total cryptocurrency market capitalization fell by another $20 billion<\/strong>, dropping below $2.22 trillion<\/strong>, according to CoinGecko.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin bounced back after falling below the $62,000 mark, while Pi Network\u2019s PI token continued its steep decline, setting yet another all time low as selling...<\/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-4698","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4698","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=4698"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4698\/revisions"}],"predecessor-version":[{"id":4700,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4698\/revisions\/4700"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}