{"id":45306,"date":"2026-07-08T11:10:08","date_gmt":"2026-07-08T11:10:08","guid":{"rendered":"https:\/\/financialrush.com\/?p=45306"},"modified":"2026-07-08T11:10:08","modified_gmt":"2026-07-08T11:10:08","slug":"pi-networks-pi-crumbles-to-new-atl-bitcoin-btc-halted-at-64k-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=45306","title":{"rendered":"Pi Network\u2019s Pi Crumbles to New ATL, Bitcoin (BTC) Halted at $64K: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin\u2019s price faced another rejection following the renewed strikes in the Middle East and Trump\u2019s latest statement, going from over $64,000 to under $62,000 in hours.<\/p>\n

Most altcoins have joined the ride south, with ETH sliding below $1,750, while XRP has dropped beneath $1.10. PI has marked another all-time low.<\/p>\n

BTC Dips Below $62K<\/h2>\n

The start of July has been a mini rollercoaster for the primary cryptocurrency. It dipped below $58,000 on July 1 for the first time in nearly two years, but began its gradual recovery immediately and surged to over $63,000 over the weekend. After a minor retracement there, it jumped to $64,000 on Monday morning for the first time in two weeks.<\/p>\n

However, Strategy\u2019s new and much bigger BTC sale drove it south again<\/a>, as the asset dumped to $61,200 in a FUD-induced move. While many expected another leg down, bitcoin went in the opposite direction and jumped past $64,600 within hours. This was another short-lived rally, though, and it slipped to $62,600 yesterday.<\/p>\n

Another leg up followed, driving the cryptocurrency to $64,200, where it was rejected again after the US and Iran launched<\/a> new strikes against each other. The landscape worsened hours ago after Trump said he believes the MoU with Iran is \u2018over.\u2019 BTC dumped further, dropping<\/a> below $62,000 for the second time this week.<\/p>\n

Its market cap has retreated to $1.240 trillion, while its dominance over the alts remains at 56.6% on CG.<\/p>\n

<\/a>
BTCUSD July 8. Source: TradingView<\/figcaption><\/figure>\n

PI\u2019s New ATL, LAB\u2019s Crash<\/h2>\n

Pi Network\u2019s native token continues to be among the poorest performers during this cycle. It keeps dropping to new all-time lows, and it hit a new one earlier today. Despite the new updates from the team, PI plummeted<\/a> by over 8% and crashed to $0.101 (on CoinGecko) to set a new low. It\u2019s down by over 96.5% since its ATH in February 2025.<\/p>\n

LAB has dumped the most over the past 24 hours. The token has lost over 80% of its value and now struggles below $2.30. PUMP, BEAT, and JUMP complete the double-digit losers club today.<\/p>\n

Ethereum and Binance Coin have lost over 2% of value, while XRP, SOL, HYPE, and DOGE are down by 4-5%. XLM, NEAR, ADA, and CC have dropped by more than 5% daily. ZEC is among the few exceptions in the green now after the recent update<\/a> from founder Zooko Wilcox-O\u2019Hearn.<\/p>\n

The total crypto market cap has shed $50 billion in a day and is below $2.2 trillion on CG now.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview July 8. Source: QuantifyCrypto<\/figcaption><\/figure>\n

The post Pi Network\u2019s Pi Crumbles to New ATL, Bitcoin (BTC) Halted at $64K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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