Pi Network’s PI Steals the Show as Bitcoin (BTC) Reclaims $70,000: Weekend Watch

PI’s recent rally has only gotten stronger as its value soared past $0.20 earlier today.

Many altcoins have delivered even more notable gains, including XRP and DOGE, both of which have skyrocketed by double digits. PEPE and PI joined that club.

BTC hits $70,000

It was just over a week ago – February 6, when the primary cryptocurrency’s crash culminated in a plunge to $60,000. This became the lowest price tag in over a year, after dropping $30,000 in the span of about 10 days.

The bulls finally woke up at this point and did not allow another decline to the sub-$60,000 level. On the contrary, BTC exploded by $12,000 within a day and rose to $72,000, which turned out to be too strong a resistance.

The next few days were slow, with bitcoin trading between $68,000 and $72,000. The mid-week rejection at the upper limit added to the pain as the asset fell to $66,000 on Friday. However, it recovered strongly in the following days, climbing to $69,000 on Saturday and to $70,800 on Sunday. It faced some resistance there, but is still trading above $70,000 at the time of writing.

The market cap has increased to $1.410 trillion on CG, while the dominance on the alts has decreased slightly to 56.5%.

PI, XRP, DOGE on the run

While some larger-cap altcoins like ETH, BNB, and TRX have remained sluggish on a daily scale, others like XRP and DOGE have been on a tear. The OG meme coin is up 18% daily, perhaps thanks to an announcement from Elon Musk, and is now around $0.115. XRP has regained the USD 1.60 resistance after an 11% pump.

ADA, ZEC and XLM are also in the green versus the larger caps, while PEPE is up 25%. Pi Network’s native token became the top performer in the crypto markets today, rising more than 35% at one point to over $0.20. Although it has lost some traction since then, it is still up 20%.

The total crypto market cap has added another $40 billion daily and is almost $2.5 trillion on CG.