Perhaps factoring in the substantial escalation in the Middle East, bitcoin’s price tumbled on Monday from over $64,400 to a multi-day low of $61,800, where it finally found some support.
Most larger-cap alts are in the red once again today, with HYPE, ZEC, and XLM dropping by around 3%.
Strategy’s major bitcoin sale announced last Monday brought intense volatility to the market. At first, BTC reacted with a painful decline from $64,000 to $61,200, which was rather expected given the significance of such a move. What was more surprising was the subsequent reaction that saw bitcoin jump to $64,600 within hours.
Nevertheless, that was short-lived as the renewed attacks between the US and Iran increased the selling pressure once again. This time, BTC dipped to just $61,600 before it began its recovery. The culmination came during the weekend when the cryptocurrency spiked to $64,600 again. Although it was stopped there, it spent most of the weekend at around $64,000.
Strategy didn’t buy or sell BTC in the past week, which was a relief. However, Trump reinstated the US Navy blockade at the Strait of Hormuz, which led to another leg down to $61,800. Bitcoin has rebounded since then and now sits almost a grand higher, but it’s still 3% down monthly.
Its market cap remains under $1.260 trillion, while its dominance over the alts has stalled at 56.7% on CG.
It’s safe to say that Pi Network’s native token is among the worst performers during this bear cycle. It was rejected at $0.30 in March and has plunged since then to consecutive all-time lows. After yesterday’s drop to $0.086, the token crashed once again in the past day to just over $0.07, marking yet another low.
DEXE is the other double-digit loser on a daily scale after its recent rally. In contrast, HASH is up by 25% to $0.0095, followed by BDX’s 10% surge to a very similar price tag.
ETH, XRP, SOL, TRX, DOGE, RAIN, and XLM have lost up to 2% daily, while HYPE, ZEC, and XLM are down by over 3%.
The total crypto market cap has lost another $20 billion and is below $2.220 trillion on CG.
The post Pi Network’s PI Crashes and Burns Again, Bitcoin Rebounds From $62K: Market Watch appeared first on Crypto
小靓分析：
🦊 小靓解读
BTC从$64,400急跌至$61,800后反弹，地缘冲突和Strategy的BTC抛售共同制造了剧烈波动，但$61,200-61,800区间显示出短期支撑韧性。
📊 市场影响
中东局势升级压制风险偏好，BTC短期可能在$61,000-$64,500区间震荡；HYPE、ZEC等山寨币承压，资金或继续向BTC集中避险。
💡 操作建议
关注$61,200支撑位是否有效，若跌破可能测试$60,000；短线交易者可利用震荡区间高抛低吸，但需严控仓位，避免地缘升级引发突发性下跌。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。