Pi Network’s Price Dumps Again as Bitcoin Returns to $114K: Market Watch
Main Idea
Bitcoin and other cryptocurrencies experienced price fluctuations, with BTC briefly nearing $116,000 before dropping to around $114,000, while several altcoins saw significant losses.
Key Points
1. Bitcoin (BTC) briefly neared $116,000 but was rejected and dropped to under $113,000 before recovering to around $114,000.
2. Altcoins like XRP, SOL, DOGE, HYPE, XLM, and TON dropped by substantial percentages, with some nearing all-time lows.
3. Litecoin’s LTC fell by 5% after a previous surge, while BONK and PENGU were among the worst performers in the top 100 altcoins.
4. The cryptocurrency market cap stands at just under $2.270 trillion, with BTC dominance remaining a key factor.
5. Macroeconomic uncertainty, including new tariffs and geopolitical tensions, contributed to market volatility.
Description
Bitcoin’s instability continued in the past 24 hours as the asset dipped below $113,000 after getting rejected at $116,000. The altcoins are back in the red, with substantial price declines from the likes of XRP, SOL, HYPE, XLM, LTC, TON, and others. BTC’s Insecurity Continues The primary cryptocurrency’s troubles began last Wednesday when the US Federal Reserve refused to lower the key interest rates for the fifth consecutive time. BTC retraced by a few grand but bounced to $119,000 on Thursday...
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