Pi Network’s PI Shines as Bitcoin Surpasses $70K: Weekend Review

This weekend saw Bitcoin soaring beyond $70K, with Pi Network’s PI token making remarkable gains.

BTC Soars Past $70K

Bitcoin has seen an impressive resurgence, surpassing the critical $70,000 mark today. In the last week, it plummeted to around $60K, its lowest point in over a year, following a dramatic drop of $30,000 in just ten days. After the bulls stepped in, Bitcoin surged by $12K within a single day, reaching a peak of $72K but encountered resistance.

Despite some fluctuations, Bitcoin maintained its position above the $70K threshold, showing resilience in its market cap, which now stands at $1.410 trillion.

PI, XRP, and DOGE Make Major Strides

While bigger altcoins like ETH and BNB struggled, others like XRP and DOGE have done exceptionally well. DOGE surged by 18%, likely due to market buzz surrounding Elon Musk, currently hovering around $0.115. XRP also saw an impressive rally, climbing back above the $1.60 resistance.

Pi Network’s token made headlines by experiencing a remarkable surge of over 35% at its peak, settling around $0.20. The overall cryptocurrency market has added approximately $40 billion within a day, nearly approaching $2.5 trillion in total market cap.

BTCUSD Market Analysis BTCUSD Market Analysis. Source: TradingView

Stay tuned for further updates as the markets continue to evolve.