Despite recent trends relating to tariffs in the US, Bitcoin’s price remains relatively unchanged over the weekend, holding around $68,000. Larger altcoins showed minimal fluctuations too, although Pi Network’s token has faced another dip.

Bitcoin Steady at $68K

Last weekend observed Bitcoin reaching a low of $65,200, only to surge to nearly $71,000 shortly after. However, this upward momentum was short-lived as the business week started, leading to a drop to $65,600 by Thursday.

Efforts to revive its price on Friday and Saturday saw Bitcoin touch a local high of $68,800. Interestingly, this increase occurred despite some contentious tariff developments that typically lead to fluctuations in Bitcoin’s value.

On Friday, the US Supreme Court ruled many of Trump’s tariffs illegal, sparking a furious response from the former president, who labeled the ruling a ‘disgrace’ and imposed a global 10% tariff in retaliation.

Though Bitcoin is currently trading below last weekend’s high, it continues to hover around $68,000. Anticipated volatility may arise Sunday evening with the reopening of future markets, reminiscent of fluctuations experienced weeks prior amid the EU tariff situation over Greenland.

Bitcoin’s market cap currently stands at $1.360 trillion, with a dominance of 56.6% over other altcoins.

BTCUSD Feb 22. Source: TradingView

PI Token Declines Again

The Pi Network’s token, PI, has faced challenges since its Open Network’s first anniversary, failing to show positive price movement. It has shed 6% in value, falling below $0.165.

Notable losers this period include ETC (-8%), ARB (-7%), and ENA (-7%), whereas PIPPIN has surged over 17% to nearly $0.60. Most larger altcoins have likewise dipped but less severely, with DOGE, ADA, and HYPE showing the highest losses (around 3% each), while XRP, LINK, and others have reported minor declines.

The total cryptocurrency market cap maintains above $2.4 trillion.