Bitcoin (BTC) traded near $67,000 over the weekend after a week of sharp swings. The broader crypto market also stayed steady, while Pi Network’s PI token held above $0.17 after days of losses.
Summary
- Bitcoin traded around $67,000 as weekend volatility faded and the broader crypto market stayed subdued.
- Pi Network’s PI token stabilized above $0.17 after recent losses, ending its sharp downward trend.
- VeChain climbed 9% daily while HASH dropped 10%, marking the strongest altcoin moves reported today.
Bitcoin showed limited movement over the past 24 hours and remained close to the $67,000 level. Its price action followed a volatile week in which the asset moved between $66,000 and $68,000 before rising to $69,200 on Wednesday.
That move reversed after fresh market pressure, sending Bitcoin down to $65,700 later the same day. Since then, the asset has traded in a narrow range. At press time, Bitcoin’s market capitalization stood at about $1.34 trillion, while its market dominance remained near 56.2%.
Most large-cap altcoins posted small changes during the same period. Ethereum held near $2,050 after a slight daily loss, while XRP remained above $1.30. BNB, Solana, TRX, and Cardano all recorded gains of less than 1%.
The biggest moves among larger altcoins came from a smaller group of assets. RAIN fell more than 6% and dropped below $0.0075. HBAR, PEPE, UNI, and SHIB also traded lower. In contrast, Ethereum Classic rose 3.5% to $8.30 and stood out from the broader market.
PI token steadies after recent drop
Pi Network’s PI token showed signs of stability after a recent downward move. The token traded above $0.17, marking a pause in the decline that had drawn attention across the altcoin market.
Elsewhere, HASH posted the sharpest daily loss among the mentioned tokens, falling 10% over the past 24 hours. VeChain moved in the opposite direction and gained 9% on the day, helping it return to the top 100 altcoins by market value.
Meanwhile, the total crypto market value changed little over the day and remained just below $2.4 trillion. That flat reading matched the quiet performance seen across Bitcoin and most major altcoins during the weekend session.
Market activity also stayed muted despite recent macro and geopolitical headlines that had raised expectations of stronger price swings earlier in the week.
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Source: https://crypto.news/crypto-market-update-bitcoin-cools-at-67k-as-pi-token-stabilizes-above-0-17/
