{"id":166702,"date":"2026-05-17T09:11:03","date_gmt":"2026-05-17T09:11:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=166702"},"modified":"2026-05-17T09:11:03","modified_gmt":"2026-05-17T09:11:03","slug":"pi-networks-pi-token-suffers-another-setback-as-bitcoin-btc-calms-at-78k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=166702","title":{"rendered":"Pi Network\u2019s PI Token Suffers Another Setback as Bitcoin (BTC) Calms at $78K: Weekend Watch"},"content":{"rendered":"

After losing over $4,000 since the Thursday evening peak at $82,000, bitcoin has finally calmed at around $78,000 following yesterday\u2019s multi-week low.<\/p>\n

Most larger-cap alts are quite sluggish on a daily scale, aside from the two largest privacy coins, which have posted impressive rebounds.<\/p>\n

BTC Settles at $78K<\/h2>\n

It was less than 11 days ago when the primary cryptocurrency spiked to its highest price level in three months at almost $83,000. This meant that it had recovered nearly 40% since its early February low. However, it was quickly stopped there and pushed to $79,000 by that Friday. After a quiet weekend, it rose past $82,400 lat Monday, where it faced another rejection and dipped to $80,000 in the following days.<\/p>\n

The bears took it a step further on Wednesday, driving the asset south to $78,500. Then came the positive news on the CLARITY Act<\/a> in the US Senate, and BTC rocketed by several grand to $82,000 once again.<\/p>\n

That resistance turned out to be too strong<\/a>, and BTC dipped to $80,500 in hours. The situation worsened on Friday evening and Saturday when the cryptocurrency dumped<\/a> to a two-week low of $77,600. It has recovered some ground since then and now stands inches above $78,000.<\/p>\n

Nevertheless, its market cap is down to $1.560 trillion, but its dominance over the alts stands tall above 58% on CG.<\/p>\n

<\/a>BTCUSD May 17. Source: TradingView<\/p>\n

PI Out of Top 50<\/h2>\n

As mentioned above, there\u2019s not much action on a daily scale from the larger-cap alts. ETH, XRP, SOL, and BNB are slightly in the red, while TRX, ADA, and DOGE have marked insignificant gains.<\/p>\n

HYPE is up by over 2% daily to $43, while XMR has gained 3% to $390, and ZEC has surged past $515 following a 4.5% increase.<\/p>\n

Pi Network\u2019s PI token plunged<\/a> suddenly yesterday and over 8% down on a weekly scale. It has lost a crucial support at $0.165, which some analysts believe opens the door for another drop to new all-time lows. The asset is also out of the top 50 alts by market cap.<\/p>\n

The total crypto market cap remains below $2.680 trillion on CG after losing more than $100 billion since the Thursday high.<\/p>\n

<\/a>Cryptocurrency Market Overview May 17. Source: QuantifyCrypto<\/p>\n

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The post Pi Network\u2019s PI Token Suffers Another Setback as Bitcoin (BTC) Calms at $78K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After losing over $4,000 since the Thursday evening peak at $82,000, bitcoin has finally calmed at around $78,000 following yesterday\u2019s multi-week low. Most larger-cap alts are quite sluggish on a daily scale, aside from the two largest privacy coins, which have posted impressive rebounds. BTC Settles at $78K It was less than 11 days ago […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-166702","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/166702"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=166702"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/166702\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}