Crypto Market Bounces Back Despite Bitcoin’s Decline

Key Points

1. Bitcoin's price dropped from $120,000 to $113,000, impacting the broader cryptocurrency market, but altcoins like XRP, Pi Coin, and SHIB are showing recovery potential.

2. XRP's price fluctuated between $3.2 and $2.8, with $3 being a critical psychological support level; a drop below $2.66 could signal further decline.

3. Pi Coin's price slipped below $0.38, testing the 20-day average at $0.32; reclaiming $0.38 could lead to a rise to $0.45, while a drop below $0.32 might push it to $0.21.

4. Shiba Inu (SHIB) fell 27% over two weeks to $0.00001179, with key support at $0.00001016; a rebound could reverse the trend, but a drop below this level may lead to $0.000009.

5. Bitcoin's market dominance remains around 62%, providing a backdrop for potential altcoin surges, though market caution persists due to Bitcoin's inability to surpass 63% dominance.