PI returned to the top 50 by market capitalization, while M exploded into double digits.
Bitcoin was halted once again yesterday at the coveted $70,000 resistance, and the asset slipped over two thousand dollars in the following hours, currently struggling below $68,000.
Most larger-cap alternative assets continued their sluggish performance during the business week, with XRP well below $1.50 and DOGE falling below $0.10.
BTC again below $68,000
The leading cryptocurrency responded well to the February 6 price drop when it plunged to its lowest position since October 2024, at $60,000. After losing $30,000 in just over a week, the asset went on the offensive and shot up to $72,000 almost immediately.
It then encountered resistance and spent the next few days trading between $68,000 and $72,000. The lower limit gave way last Friday, but the bulls quickly intercepted the movement and did not allow further declines.
It’s quite the opposite; BTC began to regain some ground over the weekend and came close to $71,000 on several occasions. However, it was unable to continue north and subsequent rejections pushed it south to below $68,000 yesterday after another unsuccessful breakout attempt.
Bitcoin continues to trade below this level at press time, with its market cap falling further to $1.355 trillion on CG. His dominance over alts has also taken a hit and now sits below 56.5%.
PI back in the Top 50
Ethereum failed to reclaim the $2,000 resistance after another minor daily decline. XRP lost the $1.50 support after a 2.3% decline since yesterday. The OG meme coin is below $0.10 as it almost erased all gains recorded over the weekend. SOL, ADA, HYPE and LINK are also slightly in the red, while BNB and TRX have seen insignificant gains.
Pi Network’s native token turned green daily, climbing to near $0.18. Recall that the asset has been on a wild ride over the past week, rising from an all-time low of $0.1312 to a local high of over $0.20 before now stabilizing. Nevertheless, it returned to the top 50 in terms of market capitalization, with its market capitalization standing at $1.6 billion.
Other big gainers in the top 100 are STABLE (15%), M (14%) and NEXO (8%). The total crypto market cap, however, fell back to $2.4 trillion on CG.
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