Bitcoin (BTC) Drops Below $86K; $Pi Network (PI) Plunges 20%
The cryptocurrency market started the week without major variations, maintaining prices close to those recorded in recent days. Bitcoin (BTC) is currently trading near US$ 84.428,61, down 2% in the last 24 hours.
Similarly, most cryptocurrencies are down today. The positive highlight was the MOVE token, which rose 5% in the last 24 hours. The negative highlight was the Pi Network (PI) cryptocurrency, which fell more than 25%, reaching a price close to US$ 1,31 and is now trying to recover its losses, trading close to US$ 1,40.
In this article, we will discuss:
- Bitcoin price
- Cryptocurrencies today
Bitcoin price
Bitcoin, which had been relatively stable, has fallen by approximately 2% and is currently trading at around $84, with the risk of further losses. The cryptocurrency briefly broke through the $85.500 support and is now heading towards the $81 zone if the bears continue to act.
In recent days, BTC has been trading within a wide range, oscillating between $78 and $95, influenced especially by external factors, such as the trade war driven by US President Donald Trump. The Republican recently announced a strategic reserve of Bitcoin for the United States, categorically stating that the country would adopt a “never sell your BTC” stance.
Why is Bitcoin falling now?
During the White House event on March 7, Trump brought together big names in the crypto sector, but the impact expected by analysts, in the form of great volatility, did not materialize. In fact, the cryptocurrency showed relatively restrained behavior after the announcement, reflecting a classic market movement known as “selling the news.”
Another factor awaited by the market is the release of the US Consumer Price Index (CPI) data, scheduled for March 12. This data is fundamental for the Federal Reserve's future decisions on interest rates, historically related to Bitcoin's volatility.
Cryptocurrencies today
Currently, BTC's market cap hovers around $1,7 trillion, maintaining its dominance over altcoins at around 58,2%.
Among altcoins, the situation is similar, with Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Uniswap (UNI) recording small gains. On the other hand, cryptocurrencies such as Ripple (XRP), Binance Coin (BNB), Cardano (ADA), Dogecoin (DOGE), Tron (TRX) and Shiba Inu (SHIB) are showing discreet declines.
One recent negative highlight is Pi Network (PI), which has seen a sharp drop in value over the past 24 hours. The cryptocurrency has fallen by around 20%, trading at around $1,57. This is significantly below its all-time high of around $3, reached in late February.
With this movement, the total capitalization of the cryptocurrency market fell to approximately US$ 2,92 trillion, representing a daily decline of 1,8%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dow Jones fall as big tech see sell off pressure on Trump’s comments
Share link:In this post: Major stock indices in the US fell on Monday on negative investor sentiment. This followed President Trump’s failure to predict if his tariff policies would lead to a recession. The tech-heavy Nasdaq was weighed by losses in the big techs
Recession risks rise for all 3 North American economies over Trump-US tariff chaos
Share link:In this post: North America’s recession risks rise as Trump’s unpredictable tariff policies create economic uncertainty across the US, Canada, and Mexico. Wall Street tumbles, economists warn of worsening inflation, and the Bank of Canada considers a rate cut amid trade policy chaos. Ontario retaliates with a 25% electricity surcharge on US states, escalating tensions as Trump dismisses economic concerns.

Why XRP Is Poised to Replace the ‘Dying’ SWIFT System

Bitcoin Gold Card in the US? Crypto Insider Floats Proposal
Trending news
MoreCrypto prices
More








