Hold onto your hats, crypto enthusiasts! The digital rollercoaster is in full swing, and it seems like PI is leading the charge downhill. Meanwhile, Bitcoin is taking its own wild ride. Just yesterday, it had its sights set on the $85,000 mark, only to take a $2,000 nosedive.
Over the last 24 hours, we've seen a sea of red among altcoins, with PI taking the biggest plunge. It seems like just last week, Bitcoin was having a bit of an identity crisis. It started with a rough Monday and Tuesday, dropping a whopping $9,000 and hitting a four-month low of under $77,000. But the bulls weren’t ready to throw in the towel. They rallied, and before we knew it, Bitcoin was back flirting with $80,000 and even hit $85,000 after some encouraging news from the US.
But alas, the weekend came, and it was all sideways trading around $84,000. Another attempt at $85,000 ended with Bitcoin slipping back to $82,000. Despite another valiant effort, Bitcoin is now struggling below $83,000. Some are saying the bull run might be hitting a sudden stop.
In the altcoin arena, it’s a mixed bag. PI Network's token has taken a massive 16% hit, barely hanging on above $1.1. Other big names like Solana, Cardano, Dogecoin, Ripple, Shiba Inu, and Litecoin are also feeling the squeeze, with losses up to 4%. But it’s not all doom and gloom – OKB is shining with over a 5% gain, and AVAX, TRX, and TON are also making some headway.
Overall, the cumulative market cap of all crypto assets has taken a $20 billion hit, settling at $2.8 trillion. So, keep your eyes peeled and your crypto wallets ready. Who knows what tomorrow will bring in this unpredictable world of digital currencies!
