Bitcoin demonstrated resilience amid geopolitical tensions, nearing $72,000 as the broader cryptocurrency market added approximately $40 billion in value. Most major altcoins traded higher, with Ethereum climbing above $2,100 and Bittensor (TAO) surging over 12% to lead large-cap gainers. In contrast, the Pi Network (PI) token continued to decline, falling below $0.20 despite recent Pi Day celebrations.
Bitcoin’s price exhibited notable strength despite ongoing Middle East conflict, even challenging the $72,000 level earlier in the day. The asset had previously rebounded from a weekly low near $65,600, which it touched reacting to weekend developments in the US/Israel-Iran war.
Its market capitalization now stands close to $1.440 trillion, increasing its dominance over alternative cryptocurrencies to 57%. The broader crypto market cap has grown to well above $2.5 trillion, reflecting positive sentiment across major assets.
Most larger-cap altcoins posted gains, with Ethereum rising above $2,100 and BNB trading north of $660. Solana, Tron, Dogecoin, Cardano, and Bitcoin Cash saw similar positive movement, while Chainlink increased by over 3.5% to $9.20.
Bittensor (TAO) became the top performer among large-cap altcoins, gaining over 12% daily to trade near $270. It was joined by Mantle (MNT) and Zcash (ZEC) as notable gainers in the sector.
Meanwhile, the Pi Network token continued to lose value daily, dropping below $0.20. This decline occurred despite the project’s recent Pi Day celebration, highlighting a divergent performance from the broader market upswing.
