Hold onto your hats, crypto fans! The wild ride continues as PI takes a nosedive, leaving traders scratching their heads. Meanwhile, Bitcoin is putting on a show, but not exactly the kind you’d buy tickets for. After teasing us up to $85,000, the king of crypto decided to take a little tumble, losing a couple of grand and keeping us all on our toes.
Last week was a rollercoaster for Bitcoin. It took a steep dive on Monday and Tuesday, shedding $9,000 like it was nobody’s business and hitting a low not seen in four months. But just when you thought it was down for the count, the bulls charged in and Bitcoin clawed its way back to $80,000, even making a run for $85,000 thanks to some positive vibes from US CPI numbers. However, the weekend saw it taking a breather, hanging around $84,000, as if unsure about its next big move.
Despite another daring attempt to conquer $85,000, Bitcoin slipped back to $82,000, only to rally once more. But alas, it currently finds itself struggling below $83,000, leaving market watchers wondering if this bull run has hit a speed bump or two. The market cap has taken a dip below $1.650 trillion, with Bitcoin's dominance over the altcoin playground sitting at 58.6%.
As for the altcoin scene, it's looking pretty red across the board. Leading the charge downhill is PI, which has taken a whopping 16% plunge, desperately trying to stay above the $1.1 mark. Solana, Cardano, Dogecoin, Ripple, Shiba Inu, and Litecoin are all feeling the pinch too, with losses up to 4%. But it's not all doom and gloom—OKB is bucking the trend with a healthy 5% gain, strutting its stuff above $50. AVAX, TRX, and TON are also making some positive waves.
The overall crypto market cap has taken a $20 billion hit, now standing at $2.8 trillion. So, whether you're a seasoned trader or just here for the drama, it's clear that the crypto market never has a dull moment! Keep your eyes peeled for the next twist in this thrilling saga.
