TL;DR
- Bitcoin stayed pinned near $68,000 after a brief dip, following a $60,000 flush and repeated rejections near $72,000; BTC cap held $1.365T and dominance eased to 56.2%.
- WLFI led larger caps, jumping over 17% to above $0.115, while ETH gained about 2% and reclaimed $2,000.
- PI topped the weekly board, up 40% from a $0.1312 low to near $0.19, as total market cap rose to $2.430T.
Bitcoin’s price stayed unusually quiet around $67,000, briefly dipping below that mark twice in the past 24 hours before snapping back. The market is telegraphing consolidation, with traders running tighter risk limits and waiting for a catalyst. Even so, there were pockets of strength: WLFI led the larger-cap altcoin cohort, surging more than 17% to above $0.117, while ETH’s roughly 2% daily gain pushed it back over $2,000. Total crypto market cap added over $25 billion to about $2.430 trillion. That tape keeps traders cautious and liquidity providers in control.
Bitcoin Fragile at $68K, Rotation Stays Selective
The month began with a shock, as bitcoin plunged to $60,000 for the first time since October 2024, a roughly $30,000 slide in a little more than a week. Buyers stepped in aggressively, but each breakout attempt has been met by disciplined selling. BTC recovered about $12,000 in a day, then hit resistance at $72,000 and churned between $68,000 and $72,000 for days. A weekend pop above $70,000 faded, and another rejection briefly pushed BTC below $67,000 before it returned above $68,000 into today’s session.
That range-bound behavior is keeping the benchmark metrics steady but not inspiring. Bitcoin’s tape may be calm, yet the market is still rotating capital tactically rather than committing to broad beta. BTC’s market cap held near $1.365 trillion, while dominance slipped to about 56.2%. On the large-cap board, XRP inched toward $1.50, and BNB, DOGE, BCH, and CC were slightly positive. TRX and HYPE showed minor losses. The setup leaves leadership thin across majors, reinforcing correlation to BTC. Against that, WLFI above $0.115 was the day’s clear standout for traders.
Zooming out to the weekly scoreboard, Pi Network’s PI token was the standout, rising more than 40% over seven days. PI’s rebound signals speculative appetite returning, even as the core market stays stuck in a narrow operating band. The move is notable because PI had just printed a new all-time low of $0.1312 during the same period, then rebounded to trade close to $0.19 after another roughly 6% daily increase. The report also noted STABLE and MORPHO as the next-best weekly performers. For now, outperformance sits away from bitcoin’s center.
