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Bitcoin Rejected at $64K, Pi Network’s PI Close to New ATL: Market Watch

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Bitcoin’s price jumped to $64,000 earlier today for the first time in roughly two weeks, but it was rejected there and now sits over a grand lower.

Most larger-cap alts have remained relatively stagnant on a daily scale. Pi Network’s PI token continues to flirt with its all-time low levels and is very close to charting a fresh one.

BTC Progress Stopped at $64K

June was quite brutal for the primary cryptocurrency, which only continued its losses that began from the mid-May rejection at $83,000. The sixth month of the year ended with a substantial 20% decline, making it the worst in exactly four years.

July began with another dip that pushed the asset to under $58,000 for the first time since October 2024. However, the bulls finally reemerged at this point and helped BTC recover some ground in the following days.

The actual rebound attempt was quite gradual and appeared healthy. Bitcoin quickly climbed past $60,000 and kept increasing swiftly in the following days, including during the weekend. The culmination, at least for now, took place earlier this morning when it tapped $64,000 to chart a two-week peak.

However, it was halted there and now sits below $63,000 after losing well over a grand. Its market cap is inches below $1.260 trillion on CG, while its dominance over the alts remains above 56%.

BTCUSD July 6. Source: TradingView
BTCUSD July 6. Source: TradingView

Another ATL Coming for PI?

The stagnation within the larger-cap altcoins continues as most have failed to post any significant moves in either direction. ETH, BNB, SOL, XRP, and TRX are up by up to 1%, while ZEC and ADA are down by 2%. HYPE and XLM have gained the most – 2.5% and 3.6%, respectively – while RAIN has dropped by 3%.

DEXE and LIT are the top gainers from the mid- and lower-cap alts. Both have risen by double digits, and the latter has solidified its spot in the top 100 alts by market cap.

In contrast, Pi Network’s native token continues to underperform and now sits just 1% away from its all-time low marked in late June. The token has consistently lost value and is well below $0.115 as of press time.

Cryptocurrency Market Overview July 6. Source: QuantifyCrypto
Cryptocurrency Market Overview July 6. Source: QuantifyCrypto

 

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