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· CryptoPotato
Pi Network’s Pi Crumbles to New ATL, Bitcoin (BTC) Halted at $64K: Market Watch
Bitcoin’s price faced another rejection following the renewed strikes in the Middle East and Trump’s latest statement, going from over $64,000 to under $62,000 in hours.
Most altcoins have joined the ride south, with ETH sliding below $1,750, while XRP has dropped beneath $1.10. PI has marked another all-time low.
The start of July has been a mini rollercoaster for the primary cryptocurrency. It dipped below $58,000 on July 1 for the first time in nearly two years, but began its gradual recovery immediately and surged to over $63,000 over the weekend. After a minor retracement there, it jumped to $64,000 on Monday morning for the first time in two weeks.
However, Strategy’s new and much bigger BTC sale <a href="https://cryptopotato.com/saylors-strategy-sells-more-bitcoin-is-another-btc-crash-coming/" rel="nofollow" target="_blank">drove it south again</a>, as the asset dumped to $61,200 in a FUD-induced move. While many expected another leg down, bitcoin went in the opposite direction and jumped past $64,600 within hours. This was another short-lived rally, though, and it slipped to $62,600 yesterday.
Another leg up followed, driving the cryptocurrency to $64,200, where it was rejected again after the US and Iran <a href="https://cryptopotato.com/rapid-retail-mood-swings-signal-caution-as-btc-retreats-amid-iran-strikes/" rel="nofollow" target="_blank">launched</a> new strikes against each other. The landscape worsened hours ago after Trump said he believes the MoU with Iran is ‘over.’ BTC dumped further, <a href="https://cryptopotato.com/oil-soars-bitcoin-plunges-as-trump-declares-iran-mou-is-over/" rel="nofollow" target="_blank">dropping</a> below $62,000 for the second time this week.
Its market cap has retreated to $1.240 trillion, while its dominance over the alts remains at 56.6% on CG.
Pi Network’s native token continues to be among the poorest performers during this cycle. It keeps dropping to new all-time lows, and it hit a new one earlier today. Despite the new updates from the team, PI <a href="https://cryptopotato.com/pi-network-unveils-2-major-updates-but-pi-token-dumps-to-a-new-all-time-low/" rel="nofollow" target="_blank">plummeted</a> by over 8% and crashed to $0.101 (on CoinGecko) to set a new low. It’s down by over 96.5% since its ATH in February 2025.
LAB has dumped the most over the past 24 hours. The token has lost over 80% of its value and now struggles below $2.30. PUMP, BEAT, and JUMP complete the double-digit losers club today.
Ethereum and Binance Coin have lost over 2% of value, while XRP, SOL, HYPE, and DOGE are down by 4-5%. XLM, NEAR, ADA, and CC have dropped by more than 5% daily. ZEC is among the few exceptions in the green now <a href="https://cryptopotato.com/zec-briefly-tops-500-after-founder-says-formal-proof-is-nearly-ready/" rel="nofollow" target="_blank">after the recent update</a> from founder Zooko Wilcox-O’Hearn.
The total crypto market cap has shed $50 billion in a day and is below $2.2 trillion