Pi Network’s PI Token Plunges Again, Bitcoin (BTC) Stabilizes at $68K: Weekend Watch
In contrast, PIPPIN has been a dominant player as well, moving 17% daily.
Despite all the recent developments on the tariff front in the US, the price of bitcoin has remained relatively stable during the weekend, and continues to sell in the world $68,000.
Most of the larger alts have produced little to no volatility over the past day, but some, such as the Pi Network native token, have slipped again.
BTC Calm at $68K
Bitcoin marked another gain last weekend after it bounced off the then low of $65,200. In just a few days, it jumped to nearly $71,000 for the first time in a week. This Sunday’s surge, however, ended as the business week began, and the decline of several consecutive legs by the bears brought it down to $ 65,600 on Thursday.
It tried to move higher on Friday and Saturday again, as the bulls managed to take it to a local peak of $68,800. Interestingly, these small gains came even after some controversial moves on the tax front, a topic that has caused more volatility and lower BTC prices.
On Friday, the US Supreme Court ruled that many of the tariffs imposed by Trump were illegal. POTUS was furious, calling the decision “disgraceful,” and immediately announced a 10% global tax on top of the existing one. On Saturday, he increased it to 15%.
Although bitcoin is now trading below its weekend high, it is around $68,000. More volatility can be expected on Sunday evening when futures markets open, similar to what happened a few weeks ago during the EU tariff saga over Greenland.
However, currently, BTC market cap stands at $1.360 trillion in CG, while its dominance over alts is 56.6%.
PI Refused (Again)
The anniversary of the first anniversary of the Pi Network after the launch of the Open Network did not have a positive effect on the price performance of the underlying asset. PI is among the worst performers in the last 24 hours, losing 6% of its value and struggling below $0.165.
Other notable losers included ETC (-8%), ARB (-7%), and ENA (-7%). In contrast, PIPPIN jumped over 17% to around $0.60.
Most of the big alts are also red, at least in a modest way. DOGE, ADA, and HYPE lost the most (about 3% each), while XRP, LINK, and CC were down 1%. ETH, SOL, TRX, and BCH marked modest gains.
The total market capitalization of the crypto market is always more than $ 2.4 trillion in CG.
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