22 hours ago
Bitcoin’s price movements took a minor detour yesterday when the asset slipped to $82,400, but it managed to recover most losses and now sits above $83,000 once again. The altcoins are also quite sluggish on a daily scale, aside from PI, which has maintained its recovery session. BTC Calm at $83K The primary cryptocurrency went through a highly volatile trading week , which began with a price slip to $81,600 on Monday. It bounced off almost immediately and went on the offensive hard by Wednesday. At the time, reports that Elon Musk might leave US President Trump’s inner circle sent the asset flying and BTC touched $88,500 for the first time in about a week. Later that day, though, the POTUS introduced the latest tariffs against countless countries, which had an immediate and violent effect on bitcoin’s price. In just an hour or so, the cryptocurrency plunged to $82,400 and to $81,200 by Thursday. Another volatile session transpired on Friday when China responded with tariffs on its own, and BTC went from $84,800 to $81,600 in minutes. It recovered some ground by the time the weekend had arrived and has remained relatively still since then at just over $83,000, despite a minor correction yesterday. As of now, its market cap is $1.650 trillion, while its dominance over the alts is 59.8% on CG. BTCUSD. Source: TradingView PI Recovers Hard After the recent price slide, PI finally started to recover some ground on Friday evening, and it has continued ever since. Following the ATL marked two days ago, the asset has regained more than 50% of its value and now sits at around $0.65. OKB is the other notable gainer from the larger-cap alts, having surged by another 5.5% to $54. In contrast, most other alts are with minor losses today. AVAX has dumped the most (over 4%), followed by CRO, HBAR, LTC, XLM, DOGE, TON, and ADA. ETH, XRP, BNB, SOL, LEO, and LINK are also in the red but in a less painful manner. The total crypto market cap has lost around $20 billion daily and is below $2.770 trillion on CG now. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Pi Network’s Price Skyrockets by 40% Daily as Bitcoin Maintains $83K (Weekend Watch) appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Tags :
BTCEUR BTCGBP BTCUSD BTCUSDT Crypto News featured1 Market Updates
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Germany Pushes for Gold Reserves Return Amid Global Uncertainty
Germany considers bringing back its gold reserves from the U.S. due to global shifts. Continue Reading: Germany Pushes for Gold Reserves Return Amid Global Uncertainty The post Germany Pushes for Gold Reserves Return Amid Global Uncertainty appeared first on COINTURK NEWS . Crypto Potato
Crypto Liquidations Eye $1 Billion Amid Market-Wide Crash
Bitcoin’s price nosedived by six grand in the past day as markets anticipate a highly bloody Monday trading session in traditional finance. The altcoins have it worse, with even more painful declines. The total liquidations have skyrocketed to $900 million on a daily scale. BTCUSD. Source: TradingView It was just several days ago, on Wednesday, when BTC’s price shot up to over $88,000 for the first time in a week. However, things change fast in today’s financial landscape, and Trump’s Trade War, which he labeled as ‘Liberation Day,’ pushed all markets south hard. Bitcoin dropped to $81,200 on a couple of occasions in the following days but managed to recover some ground ahead of the weekend, and even decoupled from Wall Street on Friday. However, being a 24/7 tradable asset has its downturns, and investors have initiated another sell-off over the weekend in anticipation of another painful Monday trading session. BTC stood around $83,000-$84,000 during most of the weekend but nosedived on Sunday evening and during the Monday Asian trading session. Its bottom, at least for now, came at $77,000, which became a monthly low. The altcoins have plunged a lot harder. The largest of the bunch , for instance, dumped to just over $1,500 – the lowest price tag since October 2023. XRP has declined by 12% on a daily scale, and has slumped below the coveted $2 support line, which some analysts believe could lead to a drop to $1.2/3. Double-digit price drops are evident from most larger-cap alts, including LTC, SUI, TRUMP, DOGE, and many others. The total liquidations for the past 24 hours have skyrocketed to over $900 million, according to CoinGlass. Nearly 300,000 traders have been wrecked within the same period, with the single-largest liquidated positions worth over $16 million. Liquidation Heat Map. Source: CoinGlass The post Crypto Liquidations Eye $1 Billion Amid Market-Wide Crash appeared first on CryptoPotato . Crypto Potato
