Despite some warnings about more volatility over the weekend, bitcoin’s price has actually remained quite flat, trading above $66,000 for 36 hours or so now. Most larger-cap alts have mimicked BTC’s performance, with little to no movements from the likes of ETH, XRP, SOL, and BNB.
Key takeaways
Quick scan — what you need to know:
- Despite some warnings about more volatility over the weekend, bitcoin’s price has actually remained quite flat, trading above $66,000 for 36 hours or so now.
- Most larger-cap alts have mimicked BTC’s performance, with little to no movements from the likes of ETH, XRP, SOL, and BNB.
- BTC Stabilizes at $66K The primary cryptocurrency spent the previous weekend on a higher note, trading above $70,000 and even close to $71,000.
- Sunday brought the first leg down after the latest escalation on the US/Israel-Iran front at the time, and the bulls drove it further south to $67,500 on Monday morning when the legacy financial…
Background
What led here, in plain terms:
- BTC exploded to nearly $72,000 later on Monday when US President Trump said they had reached a de-escalation deal with Iran, but it dropped to $69,000 after the Middle Eastern country denied the…
- Nevertheless, the bulls were persistent at the time, driving bitcoin to $72,000 on Wednesday morning.
- Another rejection followed, and the culmination took place on Friday when the cryptocurrency dumped to a 4-week low of $65,500, which led to even more fear in the markets.
- It managed to rebound from that local low and has remained above $66,000 ever since in what has become a rather dull weekend, which contrasts with some expectations.
Why it matters
Why readers and decision-makers should care:
- The total crypto market cap has remained at essentially the same spot as yesterday, at around $2.370 trillion on CG.
- Cryptocurrency Market Overview March 29.
- Source: QuantifyCrypto The post Pi Network’s PI Token Rebounds, Bitcoin (BTC) Maintains $66K: Weekend Watch appeared first on CryptoPotato.