BitcoinBTC( ) traded at around $67,000 on the weekend, after a turbulent week. While the crypto market as a whole remained stable, Pi Network’s PI Token held at $0.17 after days’ losses.
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- Bitcoin traded at $67,000 after weekend volatility subsided and as the wider crypto market stayed calm.
- Pi Network’s token PI stabilized above $0.17 following recent losses and has ended its sharp decline trend.
- VeChain rose 9% daily, while HASH fell 10%. These are the biggest altcoin movements reported today.
Bitcoin’s price has been relatively stable over the past 24-hours and close to $67,000. The price of bitcoin was influenced by a turbulent week, during which it fluctuated between $66,000 to $68,000 and then rose to $69200 on Wednesday.
The move was reversed following fresh market pressure Bitcoin Later that day, the asset dropped to $65,700. The asset’s price has remained in the same range since then. Bitcoin’s capitalization was $1.34 trillion at the time of publication, and its dominance was near 56.2%.
Most altcoins of large cap posted minor changes over the same time period. Ethereum remained near $2,050 despite a small daily decline. XRP Above $1.30. BNB earned less than 1 percent. TRX, Cardano, Solana and BNB all saw gains below 1%.
Smaller groups of altcoins made the largest moves. RAIN has fallen more than 6%, and is now below $0.0075. HBAR also saw a decline in price, as did PEPE, UNI and SHIB. Ethereum Classic, however, was a standout from the market. The price of Ethereum Classic increased by 3.5% at $8.30.
PI token steadies after recent drop
Pi Network’s PI token has shown signs of stability following a recent decline. The token was trading above $0.17 and marked a pause to the downward trend that attracted attention on the altcoin markets.
HASH, on the other hand, suffered the biggest daily drop of all the tokens mentioned, dropping 10% in the last 24 hours. VeChain went in the opposite directions and increased by 9% for the day. It helped VeChain return to being among the top 100 altcoins based on market value.
While the value of all crypto assets remained largely unchanged over the course of the day at just above $2.4 trillion, it was a small change. This flat reading was consistent with the lackluster performance of Bitcoin and major altcoins over the weekend.
The market activity has also been muted, despite recent macroeconomic and geopolitical headlines This had led to expectations that the price fluctuations would be more pronounced earlier in this week.
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Source: crypto.news
