Bitcoin fell below $67,000 for the first time in a week amid a broad market downturn. The asset, which had surged to $74,000 mid-week, faced selling pressure following geopolitical tensions and a weak U.S. jobs report. Meanwhile, Pi Network’s token led losses among major altcoins, shedding recent gains to trade around $0.20, while Ethereum slipped further below the $2,000 level.
Bitcoin’s price movements remained subdued over the weekend, dipping below $67,000 earlier today for the first time since Tuesday. The cryptocurrency had previously rebounded to a monthly high of $74,000 in the middle of the business week before encountering resistance.
Most altcoins followed Bitcoin into negative territory on the day. Ethereum slipped further away from the $2,000 level, while assets like Cardano and Monero saw declines exceeding 2%. The largest daily losses were recorded by Zcash and Pi Network‘s native token.
Last weekend’s volatility was triggered by reports of attacks involving the U.S. and Israel on Iran, which caused Bitcoin to drop sharply before recovering. This week’s subsequent decline was attributed to a weak U.S. jobs report and former President Donald Trump’s remarks on Iran and Cuba.
Pi Network’s token had defied the broader correction in recent days, climbing to a three-month peak above $0.23. However, it failed there, and the subsequent rejection has pushed it south hard to $0.20 as of press time. Zcash followed with similar daily losses, now struggling below $200.
Other major altcoins, including Binance Coin, Solana, Ripple, and Chainlink, also traded lower. The total cryptocurrency market capitalization shed approximately $30 billion in a single day, falling below $2.4 trillion. Bitcoin’s market dominance over altcoins remained steady at 56.6%.
