PUMP has stolen the show today, but PI trades closeby.
In a deja vu moment mimicking the start of the previous business week, BTC’s price dipped by over a grand as most financial markets opened.
Most larger-cap alts have followed suit with minimal losses. ZEC, though, has dumped the most from this cohort of crypto assets, plunging by over 6%.
BTC Fights for $64K
Recall that last Monday began on an even more painful note. At the time, bitcoin had calmed at around $64,000 before the bears took control and drove it south to below $62,000. However, the softer-than-expected US CPI numbers for June propelled an impressive rally that drove BTC to its highest price tag in approximately three weeks at $65,600.
Nevertheless, the cryptocurrency failed to sustain its momentum and quickly slipped back down to $62,500 on Friday. The bulls stepped up again and helped it recover to $64,000 by Saturday morning.
The weekend was more positive, as BTC managed to climb higher and even touched $65,000 on Monday morning. History repeated itself, though, and it fell to $63,700 earlier today. It has recovered some ground, but it still trades at just below $64,000.
Its market capitalization remains below $1.290 trillion, while its dominance over the altcoins has stalled at 57%.
PI and PUMP – Pump
As reported yesterday, Pi Network’s native token skyrocketed suddenly by double digits and tapped the coveted support-turned-resistance $0.10 level. It has maintained most of the gains, and it is now fighting to take that line down as well. The other impressive performer today is PUMP, which has rocketed by over 20% to $0.002. In contrast, HASH has dumped by over 9%.
ZEC has lost the most value from the larger-cap alts, sliding below $530 after a 6.5% daily drop. RAIN, BCH, UNI, and TAO have dropped by up to 3% daily.
Most other larger caps have declined by up to 1%, such as ETH, BNB, XRP, SOL, and HYPE.
The total crypto market cap has erased around $20 billion daily and is down to $2.250 trillion on CG.
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