Bitcoin held steady near $68,000 over the weekend despite significant U.S. tariff announcements, showing unusual stability. The broader altcoin market was mostly flat with some notable exceptions, including a 6% decline for Pi Network’s PI token. In contrast, PIPPIN became the top performer once again, rocketing by 17% daily.
Bitcoin’s price remained relatively stable during the weekend, trading around $68,000 despite all the latest developments on the tariff front in the US. Most larger-cap alts have produced little to no volatility as well over the past day, but some have slipped once again.
Bitcoin tried to rebound on Friday and Saturday, reaching a local peak of $68,800. These minor gains came even after controversial moves on the tariff front, a topic that has typically resulted in more volatility and price declines for BTC.
The US Supreme Court ruled that many of Trump’s imposed tariffs were illegal, a decision the POTUS called a “disgrace.” He then quickly announced a global 10% tariff on top of the existing ones before raising it to the maximum allowed 15%.
More volatility could be expected on Sunday evening when the futures markets open, similar to what happened several weeks ago during the EU tariff saga over Greenland. Bitcoin currently has a market cap of $1.360 trillion and its dominance over the alts is at 56.6%, according to data from CoinGecko.
Pi Network’s first anniversary after the launch of its Open Network has not had any positive effect on the underlying asset’s price performance. PI is among the poorest performers in the past 24 hours, losing 6% of value and struggling below $0.165.
Other notable losers include ETC (-8%), ARB (-7%), and ENA (-7%). In contrast, PIPPIN has jumped by more than 17% to almost $0.60.
Most larger-cap alts are also in the red, albeit modestly. DOGE, ADA, and HYPE have lost the most value (around 3% each), while XRP, LINK, and CC are down by 1%. The total crypto market cap has remained above $2.4 trillion according to CoinGecko.
