Pi Network’s PI token has fallen more than 31% in the past 24 hours, erasing gains logged after its Kraken listing and trading just above $0.20. The pullback follows a sharp spike on listing news, leaving the token notably volatile. Among larger-cap alts, Ethereum has slipped below $2,100 and Cardano down more than 4% as broad risk appetite wanes.
Bitcoin’s rally to a fresh intraday high near $74,000 was quickly rejected, sending the price toward the $70,000 level as geopolitical tensions in the Middle East intensify. Earlier in the week, supportive CPI data and optimistic remarks about the conflict helped lift BTC, but selling pressure reappeared. The latest attacks, described as among the most devastating in the region, nudged the pair toward $70,000, a key level market participants are defending. Bitcoin’s market capitalization stood around $1.41 trillion, with its dominance near 57%.
The broader crypto market has retreated, erasing roughly $100 billion from a peak the previous day and leaving total capitalization around $2.48 trillion. Meanwhile, smaller tokens, including CC, have diverged slightly, with CC rising about 5% to around $0.155 despite the pullback. Overall, the day’s price action highlights heightened volatility as investors weigh geopolitical risk against macro cues.
Leave a Reply