The Hantavirus Danger: Can a Potential Outbreak Spark a New Meme Coin Frenzy?
The hantavirus outbreak has led to the rise of meme coins in the crypto market. Could this be a bullish sign?
CryptoPotato1 min read
Pi Network’s PI Taps Monthly High After Another Surge as BTC Returns to $77K: Market Watch
TL;DR
Bitcoin's price rebounded to $77K after dipping below $76K amid war uncertainties. Pi Network's PI also reached a monthly high as major altcoins showed slight gains.
Key points
- Bitcoin rebounded to $77,000 after a dip below $76,000
- Pi Network's PI reached a monthly high
- Ethereum reclaimed $2,300 and BNB defended $625
- Bitcoin peaked at $79,500 before recent fluctuations
- Market influenced by geopolitical uncertainties
Pi Network
Bitcoin’s price dipped below $76,000 yesterday as the war uncertainty continues to build up, but has rebounded by over a grand since then, ahead of the FOMC meeting today.
Most larger-cap alts are also slightly in the green today, with ETH reclaiming $2,300 and BNB defending the $625 level. DOGE has surged the most from this cohort of assets.
BTC Back to $77K
After it dipped below $74,000 last Monday, the primary cryptocurrency went on an impressive roll, surging to a multi-month peak of $79,500 by Tuesday when the US and Iran extended their ceasefire. Several choppy days of trading followed in which BTC remained in a relatively tight range between $77,000 and $78,500, and even the weekend developments on the war couldn’t really shake it.
The bulls returned on Monday morning somewhat unexpectedly and drove bitcoin to $79,500 once again, only to be rejected instantly. In the following hours, BTC first dropped to $77,500 before it dived to $76,500.
The bears took it a step further yesterday despite Trump’s claims that Iran is in a state of defeat, and BTC slipped to a multi-day low of $75,600. Nevertheless, it has jumped to over $77,000 as of now, but more volatility is expected after today’s FOMC meeting, as many experts believe it would be another correction.
For now, BTC’s market cap stands close to $1.550 trillion on CG, while its dominance over the alts is down to 58%.
BTCUSD April 29. Source: TradingView
Alts See Green
Ethereum has recovered nearly 2% of value in the past 24 hours and sits well above $2,300 as of now. XRP, BNB, SOL, TRX, ADA, BCH, and XMR are also slightly in the green. Dogecoin has jumped by over 7% to go beyond $0.105 as of press time.
Q&A
What caused Bitcoin to surge back to $77,000?
Bitcoin surged back to $77,000 following a brief dip below $76,000, driven by market reactions to geopolitical events and trading patterns.
How did Pi Network's PI perform in the recent market surge?
Pi Network's PI reached a monthly high as the overall cryptocurrency market experienced upward momentum alongside Bitcoin's recovery.
What are the current prices of major altcoins like ETH and BNB?
As of now, Ethereum (ETH) is priced at $2,300 and Binance Coin (BNB) is holding at $625, showing slight gains in the market.
