Bitcoin Halted at $82K as Pi Network Token Declines

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PI has slipped by 6% weekly, which has pushed it further south in terms of market cap placement.

Bitcoin initiated another breakout attempt in the past 12 hours or so, only to be rejected once again at $82,000 and driven south by more than a grand.

Most larger-cap alts have remained relatively flat on a daily scale, aside from ETH, which is under $2,300 once again. XRP and BNB keep fighting for the fourth spot in terms of market cap.

BTC Stopped at $82K
The previous business week saw a notable price surge from the larger cryptocurrency to a three-month peak of almost $83,000. Thus, the asset had added $8,000 from the previous Wednesday, and it seemed primed for a correction as many analysts warned about the rally’s structure.

BTC indeed slipped to $79,000 by Friday before the bulls stepped up and didn’t allow another breakdown. Instead, bitcoin started to recover some ground and quickly returned to over $80,000 during the weekend.


More volatility ensued on Monday morning when BTC first dipped to $80,250, before it shot up to $82,500, but it was rejected and dropped by two grand immediately when US President Trump deemed Iran’s latest peace proposal “totally unacceptable.”

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