Bitcoin surged to a new local high near $76,000, leading a broader market rally. While major altcoins like Ethereum and XRP posted significant gains, privacy token ZEC and the asset M stole the spotlight with 16% surges. In stark contrast, Pi Network’s native token continued to decline, dropping 10% to approximately $0.18 as the overall cryptocurrency market cap climbed above $2.6 trillion.
The price of Bitcoin reached a new local peak of $76,000 earlier this morning, its highest level since early February. This rally, which began after recent geopolitical tensions, faced resistance at that level, leading to a slight pullback to around $74,000.
Many alternative cryptocurrencies followed with impressive gains during this period. Ethereum climbed above $2,300, while XRP touched $1.60 before settling near $1.50.
Other notable performers included ZEC and M, which both surged by approximately 16%. Assets like SIREN, FET, and HAS also posted double-digit gains from the lower capitalization segment of the market.
In contrast, Pi Network’s native token continued to bleed out, dipping below $0.18 earlier today. The asset lost 10% of its value in the past 24 hours amidst the broader market advance.
The total cryptocurrency market capitalization added an estimated $30 billion in the same period. This brought the total market value to slightly above $2.6 trillion according to available data.
