Bitcoin settles at $83,000… Picoin rebounds, XMR·HASH soars
Table of Contents
Bitcoin (BTC)’s extreme price volatility has subsided, but the altcoin market is still in a bear market. On the other hand, PiCoin (PI) stopped its continuous decline and rebounded slightly, while Monero (XMR) and HASH recorded double-digit growth rates and attracted the market’s attention.
On this day, Bitcoin is trading at around $83,000 (about 120.39 million won) as of 11 am. At the beginning of the weekend, despite the partial shutdown of the U.S. federal government and unusual volatility in the precious metals market, BTC showed a more stable trend than the previous day. Bitcoin’s market capitalization is approximately $1.65 trillion (approximately 2,393 trillion won), and its share of the entire cryptocurrency market is approximately 57.5%.
BTC Roller Coaster Amid Trump’s Tariff Threat
Bitcoin traded sideways around $89,000 over the weekend after hitting resistance near $91,000 last Friday. Meanwhile, President Trump hinted at new tariff measures targeting Canada. However, despite this political uncertainty, the large decline began in earnest towards the end of the weekend.
BTC slipped to $86,000 between Sunday night and Monday morning, hitting its lowest point in five weeks. Afterwards, it rebounded to exceed $90,000 before the U.S. Federal Reserve’s first FOMC meeting on Wednesday, but fell back to the $89,000 level immediately after the announcement of the interest rate freeze.
The sharp decline continued on Thursday as geopolitical tensions in the Middle East increased. It plummeted to $81,000 in just a few hours, hitting the lowest figure in the past two months. However, on Friday it rebounded slightly to $84,000, and is currently maintaining the $83,000 level.
PI rebounds, XMR·HASH surges by double digits
Many of the top 36 non-stable coins by market capitalization are still in a downward trend. Ethereum (ETH) fell 3% daily, falling below $2,650 (about 3.84 million won), and Ripple (XRP) fell to $1.70 (about 2,466 won). ADA, Dogecoin (DOGE), Chainlink (LINK), Bitcoin Cash (BCH), and Avalanche (AVAX) all fell by up to 4%. Sui (SUI) in particular recorded a decline of more than 5%.
However, Monero (XMR) and HASH, in contrast, showed strength, recording daily rises in the 10-11% range. Along with HYPE, PiCoin (PI) also succeeded in going green. PI broke record lows for the past week consecutively, but rebounded 4% on this day, briefly exceeding $0.175 (approximately 254 won), and has now settled at the $0.17 level (approximately 247 won).
Market cap falls below $2.9 trillion… Altcoin slump continues
The overall market capitalization of cryptocurrency is currently below $2.9 trillion (approximately 4,207 trillion won), and nearly $200 billion (approximately 290 trillion won) has evaporated in just a few days. Although Bitcoin appears to have escaped short-term weakness, altcoins in general are still unable to find a clue to a rebound.
Market experts point out that Trump’s repeated protectionist remarks and the instability of the Middle East situation are putting a strain on investment sentiment. In the future, U.S. unemployment and inflation indicators are expected to serve as key variables in determining whether there will be a rebound.
📉 The shaky altcoin market requires eyes to see ‘real value’
Amid the unstable global situation, the cryptocurrency market is showing strong volatility. Following Bitcoin’s fall to $86,000 last week, many altcoins are also falling by more than 3-5%, increasing investor anxiety.
However, in these chaotic times, the ability to block out the noise and focus on data becomes more important. The key to survival is the ability to look into the macro trends of the market and the fundamentals of the project, rather than worrying about short-term price fluctuations.
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In the current high volatility phase, it is essential to have the perspective of an analyst who can read the market, rather than a simple information consumer. The power to select surviving projects among thousands of altcoins and self-verify them is not created overnight.
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TP AI Precautions
We summarized articles using a language model based on TokenPost.ai. Key content in the text may be excluded or different from the facts.
