ATOM and ZEC Surge as Bitcoin Recovers from a Seven-Month Low: Market Update

Today, ATOM is leading the pack with significant gains, trailed closely by ZEC and PI, while Bitcoin demonstrates signs of bouncing back.

Bitcoin faced adverse market conditions yesterday, dropping below $88,500, marking a new seven-month low before a slight recovery.

Ethereum also faced a sharp decline but has since stabilized around $3,000, whilst ZEC continues its upward trajectory.

Bitcoin’s Recent Dip

Recall that Bitcoin was previously rejected at $107,000 due to inadequate bullish momentum despite positive US developments. Subsequently, it fell to under $100,000 within ten days, and further dipped to $94,000. After a brief sideways trade between $94,000 and $96,000, Bitcoin was driven down by bears to $93,000. The week started painfully, with Bitcoin falling below $90,000, marking a seven-month low. After attempting to recover and being rejected again, it eventually bottomed at $88,400, a level not seen since April 2025.

Despite some recovery, it currently stands below $92,000. Its market cap struggles at $1.830 trillion, and its market dominance remains at 57%.

BTCUSD Chart BTCUSD. Source: TradingView

Rise of ZEC and ATOM

In contrast to Bitcoin and Ethereum, ZEC has surged an additional 8% to $675, while ATOM has increased by 12% and now trades above $3. After favorable regulatory news, Pi Network’s token has experienced an 8-9% jump.

The total cryptocurrency market cap has suffered a loss of around $20 billion in a day, now sitting at $3.210 trillion.