Over the past weekend, the crypto market caught a noticeable “second wind”: Bitcoin rebounded after a pullback and moved
back toward the psychological $70,000 level, while PI (the price index/token linked to Pi Network)
posted one of the strongest short-term rebounds of the week — nearly +20% from its recently recorded all-time low.
Bitcoin: from a dip to a rebound — but $70,000 is still acting as resistance
BTC’s price action looked like a classic “swing”: after sliding toward the $60,000 area earlier in the month, the price
bounced quickly, then shifted into a cautious sideways phase. As the week closed, bulls managed to defend nearby support zones and turn momentum
back upward — by Friday evening and over the weekend, BTC returned to the $68,000–$70,000 region, where sellers are still
applying pressure and the market has yet to secure a clean breakout.
Additional context: a number of market notes pointed out that crypto’s rebound coincided with a broader improvement in risk sentiment across
traditional markets. However, the backdrop remains fragile: derivatives traders increased hedging activity (including higher demand for put options),
and the news flow continued to discuss institutional flows and positioning — factors that can quickly shift sentiment.
Key levels many traders are watching
- $65,000–$66,000 — the zone where buyers previously stepped in to slow the decline.
- $70,000 — a psychological level and the nearest resistance that still needs a convincing break.
- $72,000 and above — the area where prior rally attempts ran into profit-taking and supply.
Altcoins: a broad rebound among majors and a surge in a few standouts
As Bitcoin recovered, large-cap altcoins also picked up: the market saw renewed upside attempts in ETH, SOL, and XRP.
This kind of synchronized move is typical during “risk-on” phases, when capital returns to BTC first and then partially rotates into liquid majors.
Zcash (ZEC) stood out in particular: the coin showed strong impulse moves during the week, with some sessions printing
gains around ~20% on a 24-hour basis depending on the reference point.
PI (Pi Network): a sharp rebound after the low — but debate remains: trend shift or short-lived spike?
One of the more discussed stories among traders was the recovery in PI. According to several weekend market roundups,
the asset rose by nearly 20% after setting an all-time low just a few days earlier, sparking a familiar question:
is the market forming a durable bottom, or is this just a temporary bounce fueled by thin liquidity?
Looking at the recent weekly tape, PI has indeed printed several sessions with outsized daily gains — behavior that is common for high-risk assets
during rebound phases. That said, such moves can cut both ways: they may extend quickly if sentiment stays positive, but they can also unwind fast if
expectations shift.
Market snapshot: total capitalization and BTC dominance
Based on CoinGecko data, the total crypto market capitalization in recent sessions has been hovering around the
$2.3–$2.4 trillion range (values move in real time). Bitcoin’s share of the overall market remained elevated at roughly
~56%. “Dominance” is typically calculated as BTC market cap divided by the total crypto market cap.
One table: what was in focus
| Theme | What happened | Why it matters |
|---|---|---|
| BTC → $70,000 | Rebound after the pullback; return to the $70k resistance zone | $70k is a psychological level; price behavior around it often sets the tone for the next sessions |
| PI +~20% off the low | Sharp rebound after a low recorded just days ago | High volatility: it can be either a reversal start or a short-lived bounce before renewed selling |
| Altcoins improved | ETH/SOL/XRP attempted to recover; ZEC posted strong daily moves | Rotation during rebounds: demand expands from BTC into liquid majors and “leaders of the day” |
| BTC dominance ~56% | Bitcoin’s share of total market cap remained high | High dominance often signals caution and a preference for BTC over higher-beta assets |
What to watch next (no forecasts)
- BTC reaction at $70,000: a sustained hold above vs. another rejection at resistance.
- Altcoin follow-through: whether majors continue to rebound or liquidity compresses back into BTC.
- Risk backdrop: broader risk sentiment, institutional positioning, and derivatives activity.
- PI: whether the rebound is confirmed by stronger liquidity/volumes, or remains a local spike.
Note: This material is for informational purposes only and is not investment advice.