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Pi Network’s Price Dumps Again as Bitcoin Returns to $114K: Market Watch
Bitcoin’s instability continued in the past 24 hours as the asset dipped below $113,000 after getting rejected at $116,000.
The altcoins are back in the red, with substantial price declines from the likes of XRP, SOL, HYPE, XLM, LTC, TON, and others.
BTC’s Insecurity Continues
The primary cryptocurrency’s troubles began last Wednesday when the US Federal Reserve refused to lower the key interest rates for the fifth consecutive time. BTC retraced by a few grand but bounced to $119,000 on Thursday.
However, macro uncertainty, such as new tariffs and nuclear submarine movements, resulted in another, more painful nosedive. In just a few days, the cryptocurrency plunged by several grand and bottomed during the weekend at $112,000.
The bulls finally stepped up at this point and started to push the asset north. The gradual ascent culminated yesterday when BTC briefly neared $116,000 but was stopped ahead of that resistance.