Pi Network’s PI Token Erases Recent Gains, Bitcoin (BTC) Slides Towards $70K: Weekend Watch

Pi is down more than 30% in the last 24 hours. The benefits charted on the back of Kraken’s list have been largely erased.

The Bitcoin price of the rally to $ 74,000 was stopped immediately, as it did during the previous attempt, and BTC is close to breaking below $ 70,000 after the latest major attack against Iran.

Many altcoins are in the red again, with ETH slipping below $2,100, and ADA dropping over 4% daily. CC is among the few today.

BTC Slides Towards $74K

The rapidly developing situation in the Middle East continues to affect most of the bitcoin price. The stock fell as low as $65,600 last Monday morning when most stock markets opened for trading after a second weekend of conflict. However, it quickly bounced back and challenged for $70,000 on Wednesday.

Although it failed at first, good CPI numbers for February and Trump’s promising words about the war sent it to $71,800. It was stopped there initially and dropped to $69,000, but continued to attack on Friday.

In less than a full day of trading, bitcoin hit a 10-day high of $74,000. However, it was rejected soon after it touched that line and fell below $71,000. The latest attack, described as one of the most violent in the Middle East region, pushed it to $70,000, a level the bulls are currently trying to defend.

Its market cap is down to $1.410 trillion, while its dominance over alts is just under 57% in CG.

PI Plummet

Pi Network’s native token has been very volatile in the crypto industry lately, and the past 24 hours have reinforced this trend. However, it is the opposite now. After reaching $0.30 yesterday thanks to a massive listing on Kraken, the token is down more than 31 percent since then, and is struggling to stay above $0.20 as of press time.

Meanwhile, most of the big alts are also red, but in a much less violent way. ETH is below $2,100 after a daily drop of 1.3%, and BNB is down to $650 after a 2% drop. XRP struggled to $1.40, SOL fell to $87, while ADA lost more than 4%. CC defied the rest of the market’s correction, rising 5% to $0.155.

The total crypto market has erased nearly $100 billion from yesterday’s peak and is down to $2.480 trillion in CG.