{"id":175855,"date":"2026-06-06T09:23:32","date_gmt":"2026-06-06T09:23:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=175855"},"modified":"2026-06-06T09:23:32","modified_gmt":"2026-06-06T09:23:32","slug":"pi-networks-pi-token-rebounds-after-new-atl-btc-quickly-reclaims-60k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=175855","title":{"rendered":"Pi Network\u2019s PI Token Rebounds After New ATL, BTC Quickly Reclaims $60K: Weekend Watch"},"content":{"rendered":"

After plunging by several grand in the span of less than 12 hours, bitcoin finally rebounded from its multi-year low and now sits at around $61,000.<\/p>\n

Although most altcoins are still in the red on a daily scale, they have managed to recover some of the losses. This is particularly true for ZEC, which bled out heavily yesterday, and PI, which marked consecutive all-time lows.<\/p>\n

Bitcoin Recovers $2K<\/h2>\n

What a week it has been for bitcoin, and mostly for the bears. In fact, what a painful three-week period. The asset stood above $82,000 in mid-May before its calamity began, and it dumped to $74,000 at the end of the month. But that was just the start, as June, in just five days, brought a lot more pain.<\/p>\n

Bitcoin quickly lost the $70,000 support, and then the bears were really in control. They started pushing it below one key support level after another. Thus, $68,000, $65,000, and $62,000 gave in before the asset came inches away<\/a> from the $60,000 bottom that managed to hold it during the February crash.<\/p>\n

Although the buyers successfully defended it at first, that level finally gave in yesterday, and bitcoin plunged<\/a> to just over $59,000. This became its lowest price since before the November 2024 US presidential elections. After losing about $23,000 in weeks, BTC finally showed signs of a minor recovery and has bounced to $61,000 as of now.<\/p>\n

Its market cap is up to $1.225 trillion on CG, while its dominance over the alts has reclaimed the 56% level.<\/p>\n

<\/a>BTCUSD June 6. Source: TradingView<\/p>\n

ZEC, PI Rebound<\/h2>\n

Although most crypto assets plunged yesterday, Zcash became the worst performer after a vulnerability in its code was uncovered and Arthur Hayes dumped<\/a> his entire stash. At one point, ZEC had dropped by over 50%, going from $630 to under $300. However, it has reacted swiftly and now trades above $370.<\/p>\n

Pi Network\u2019s native token marked<\/a> several consecutive all-time lows after it dumped below $0.15 earlier this week. The latest, according to CoinGecko data, sits at under $0.12. However, it has managed to reclaim that level since then and now trades about 7% above the ATL.<\/p>\n

ETH dumped to $1,500 yesterday but stands close to $1,600 now. BNB is back to $580, while XRP has returned to $1.10. XLM and CC are among the few alts in the green today.<\/p>\n

The total crypto market cap dipped to $2.1 trillion yesterday, and although it has recovered some of its losses, it still sits below $2.2 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview June 6. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Pi Network\u2019s PI Token Rebounds After New ATL, BTC Quickly Reclaims $60K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After plunging by several grand in the span of less than 12 hours, bitcoin finally rebounded from its multi-year low and now sits at around $61,000. Although most altcoins are still in the red on a daily scale, they have managed to recover some of the losses. This is particularly true for ZEC, which bled […]<\/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-175855","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175855"}],"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=175855"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175855\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}