Despite a recovery since last week’s market downturn, Bitcoin (BTC) is struggling to break through the $87,000 resistance. Meanwhile, the Pi Network’s native token has experienced a surge, climbing into double-digit percentage gains this week.

Bitcoin Hitting Resistance at $88K Again

A little over two weeks ago, Bitcoin reached an impressive $107,000, but lost momentum, leading to a bearish trend and a significant drop to below $81,000 last Friday.

After a steep decline, BTC managed to rebound to around $84,000 but remains unable to surpass the critical $87,000 barrier. Currently, its market cap is reported at approximately $1.735 trillion, retaining a 56.4% dominance over other cryptocurrencies.

BTCUSD

Pi Network Achieves Weekly High

Conversely, several significant altcoins have shown marked growth, especially the Pi Network which has recently seen its PI token rise to over $0.25 following speculation about a major upcoming update.

Overall, the crypto market cap remains stable around $3.075 trillion.