Pi Network Price Recovers as Bitcoin Remains Under Pressure Near $86,000

The cryptocurrency market showed mixed performance over the past 24 hours, with Pi Network’s token posting a modest rebound while Bitcoin continued to struggle to regain upward momentum. Despite brief recovery attempts, Bitcoin failed to hold above key resistance levels, keeping overall market sentiment cautious.

Bitcoin Slips Back Toward $86K

Bitcoin’s price action has remained weak following last week’s rally attempt. After briefly approaching the $94,500 level around the time of the U.S. Federal Reserve’s interest rate cut, the asset faced multiple rejections that triggered increased volatility and uncertainty.

BTC initially retreated to $90,000, a level it managed to defend through the end of the week and most of the weekend. However, selling pressure intensified on Sunday, pushing the price down to $88,000 before a short-lived bounce back to $90,000.

Conditions worsened on Monday afternoon when Bitcoin suddenly dropped by more than $4,000, falling to just above $85,000. Although the asset recovered to $88,000 shortly afterward, it was once again rejected and is now struggling to stay above the $86,000 mark.

Pi Network Rebounds While Altcoins Stay Mixed

Large-cap altcoins have shown relatively muted movement, with most trading sideways. Ethereum slipped slightly to hover around $2,900, while XRP has successfully defended support near $1.90. Binance Coin remains stable around $860.

Among notable movers, Bitcoin Cash and Monero recorded the strongest gains within the large-cap segment. On the downside, ASTER extended its losses with another sharp decline of over 8% in the last 24 hours, joined by weakness in PUMP and ENA.

In contrast, smaller-cap tokens posted modest gains. NIGHT rose by roughly 6%, followed by SKY and Pi Network’s native token, both up around 4%. Pi briefly dipped below the $0.20 level earlier but has since reclaimed that price zone.

Meanwhile, the broader market continues to feel pressure. The total cryptocurrency market capitalization declined by an additional $30 billion overnight and is now hovering dangerously close to the $3 trillion threshold.

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