Bitcoin’s performance over the weekend has seen it struggling to hold up the $67,000 mark. It went below this level for the first time since last Tuesday, reflecting a general downturn among many altcoins. Ethereum (ETH) continues to distance itself from the $2,000 threshold, while coins like ADA and XMR have dropped over 2%. Both ZEC and PI have seen significant declines today.

BTC Challenges for $67K

Last weekend’s trading was marked by notable volatility, particularly following US and Israeli actions against Iran. Bitcoin’s price plunged from $67,000 to $63,000 before recovering to $68,000 when news emerged that Iran’s Supreme Leader had been reported dead amid the assaults. Midweek saw further gains as BTC peaked at $74,000, but the bullish momentum was quashed by sellers.

From then, Bitcoin began descending, particularly after a disappointing U.S. jobs report and renewed remarks from Donald Trump regarding Iran and Cuba, which drove prices down further to $66,600 on Sunday, the lowest it had been since Tuesday. As of the latest data, BTC is trading about a thousand dollars higher.

Currently, Bitcoin’s market capitalization stands at approximately $1.35 trillion, with a dominance rate of 56.6% over other cryptocurrencies.

PI Token Decline

Pi Network’s token defied recent market trends, surging over $0.23 recently. However, following rejection at its peak, it has since dropped back down to approximately $0.20.

The larger altcoins are also experiencing downturns, with ETH failing to remain above $2,000 after further declines, and BNB has also lowered to around $620. Other leading cryptocurrencies like SOL, XRP, ADA, XMR, and LINK are also showing negative trends.

The total market cap of cryptocurrencies has decreased by about $30 billion, bringing it below $2.4 trillion.