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Pi Network’s PI and PUMP Rocket Daily, Bitcoin Fights For $64K: Market Watch

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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 under $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%.

BTCUSD July 20. Source: TradingView
BTCUSD July 20. Source: TradingView

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’s 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.

Cryptocurrency Market Overview July 20. Source: QuantifyCrypto
Cryptocurrency Market Overview July 20. Source: QuantifyCrypto

 

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