In contrast, PIPPIN has once again become the best performer, with a daily increase of 17%.
Most larger-cap alts have also seen little to no volatility over the past day, but some, like Pi Network’s native token, have fallen again.
BTC calm at $68K
Bitcoin made some gains last weekend after recovering from the then low of $65,200. In just a few days, the price rose to almost $71,000 for the first time in about a week. However, this Sunday surge came to an end as the business week began, and a pair of consecutive leg downs by the bears brought assets down to $65,600 on Thursday.
The price tried to recover again on Friday and Saturday, when the bulls managed to push the price to a local peak of $68,800. Interestingly, these small gains came even after some controversial moves on the pricing front, a topic that has typically resulted in more volatility and price declines for BTC.
On Friday, the US Supreme Court ruled that many of the tariffs imposed by Trump were illegal. The POTUS was furious, calling the decision a “disgrace” and quickly announced a 10% global tariff on top of existing rates. On Saturday he increased it to the maximum allowable percentage of 15%.
Although Bitcoin is now trading below its weekend high, it is still around $68,000. More volatility could be expected on Sunday evening, when futures markets open, similar to what happened a few weeks ago during the EU tariff saga over Greenland.
For now, however, BTC’s market cap stands at $1.360 trillion on CG, while its dominance over alts stands at 56.6%.
PI drops (again)
The first anniversary of Pi Network after the launch of its Open Network has not had any positive effect on the price development of the underlying asset. PI is among the worst performers over the past 24 hours, losing 6% of its value and struggling below $0.165.
Other notable losers include ETC (-8%), ARB (-7%) and ENA (-7%). On the other hand, PIPPIN has risen by more than 17% to almost $0.60.
Most larger-cap alts are also in the red, albeit in a more modest way. DOGE, ADA, and HYPE have lost the most value (about 3% each), while XRP, LINK, and CC are down 1%. ETH, SOL, TRX and BCH have made insignificant gains.
The total crypto market cap has remained above $2.4 trillion on CG.
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