Pi Network’s PI Steals the Show With Big Rally, Bitcoin Stands at $74K: Market Watch
The PI token is the only one to achieve double-digit prices from the top 100 today.
Bitcoin’s price recovery over the past 24 hours has been impressive, as the asset rose to a monthly high of $74,000, where it faced resistance.
Many altcoins are in the green today as well, ETH returns the lines of $ 2,000 and $ 2,100, while SOL reaches $ 90.
BTC bought for $74K
It was a few days ago, on Saturday, when the main cryptocurrency fell to $ 63,000 from $ 66,000 after the US and Israel joined forces to attack Iran. Although the Middle Eastern country responded quickly against many targets in the region and its Supreme Leader was killed, BTC did not continue to free fall – on the contrary, it also reached $ 68,000 that day.
More volatility followed over the next few days, when BTC fell to $65,200 after rising 5% on the hour to $70,000. There was a fight there at first, just like last week, but the bulls were not denied this time.
After rallying on Monday and Tuesday, they started a big leg yesterday, driving bitcoin to its highest level since early February at $74,000. This meant that the cryptocurrency added $11,000 from its Saturday low after the attack began.
Although it was stopped there and is now trading at around $72,000, it is still up 3% per day. Its market cap has reached nearly $1.450 trillion in CG, and its dominance over alts stands at 57.4%.
ETH Over $2.1K, PI on Roll
Ethereum rallied from below $2,000 to $2,200, where it stopped, but is still trading above $2,100 now after a 4% daily gain. SOL returned to $90, while DOGE rose 5% to $0.095. XRP, BNB, TRX, ADA, and LINK are also slightly greener, while XMR is up about 5% to $362.
Pi Network’s native token steals the show once again. Perhaps driven by the overall market recovery and some key updates to the network behind it, the PI token is up 13% daily and now sits above $0.195. SKY, JUP, and DCR follow each other in daily gains.
The total crypto market added another $60 billion per day and now sits at over $2.5 trillion in CG.
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