Pi Network (PI) Rises 40% Weekly, Bitcoin (BTC) Fights for $68,000: Market Watch

Pi Network’s native token is the best performer on a weekly basis, followed by STABLE and MORPHO.

WLFI is up the most against the larger mutual funds over the past 24 hours, while significantly more modest gains from ETH have pushed the asset to just over $2,000.

BTC vulnerable at $68K

The first week of trading of the current month resulted in a massive disaster for bitcoin as its value fell to $60,000 for the first time since October 2024. This crash marked a drop of $30,000 in just over a week.

The bulls finally intervened at this point and helped BTC regain $12,000 in just one day. However, it faced immediate selling pressure at $72,000 and spent the next few days trading between that upper limit and the lower limit of $68,000.

It lost support a week ago but quickly regained it, rocketing to over $70,000 over the weekend. However, that was another fakeout and a day later it fell to less than $70,000. It fell below $67,000 yesterday after the last rejection, but is now above $68,000, which is essentially the same level as this time yesterday.

The market cap has remained quiet at $1.365 trillion on CG, while the dominance on the alts has fallen to 56.2%.

PI’s weekly increase

Ethereum has risen 2% in the past day and is now above $2,000 again. XRP is approaching $1.50 after a small increase. BNB, DOGE, BCH and CC are also slightly in the green, while TRX and HYPE are experiencing small losses. WLFI has stolen the show over the past 24 hours, rising over 17% to over $0.115.

However, on a weekly scale, Pi Network’s PI token shines. The asset is up over 40% within this time frame as it fell to a new low of $0.1312 at the time. It is now near $0.19 after another 6% daily increase.

The total cryptocurrency market cap added more than $25 billion in one day, rising to $2.430 trillion on CG.