PI
−2.1%
CAP
−0.8%Crypto assets see market cap and price drops amid sell pressure
Image: Bitcoin.com NewsBoth Pi Network's PI token and Bitcoin saw notable declines. PI's market capitalization slipped below $1 billion and its price fell 10% over the past week. Bitcoin broke below $81,000, reaching an intraday low near $80,500, and its market cap dropped from $1.74 trillion to just above $1.62 trillion. The moves occurred amid continued selling pressure across the crypto market.
Key points
- Both assets faced ongoing selling pressure contributing to their declines
- The moves occurred amid continued selling pressure across the crypto market.
Why it matters
The declines reduce the overall value of crypto holdings and signal heightened market weakness, which can affect liquidity and investor sentiment.
What's unclear
The specific catalysts driving each asset's price drop are not detailed in the reports
Price context · BTC
At publication
$80,779.00
Now
$81,394.00
Change since
+0.76%
7 days · dashed line = publication
Sources · 4 publishers
CryptoPotato
Tier 2
Liquidations Hit $480M In an Hour as Bitcoin Plunges Below $81K
Bitcoin.com News
Tier 2
Bitcoin Price Drops Below $81K as Crypto Liquidations Top $1.1 Billion
Crypto Briefing
Tier 2
Bitcoin slides toward $80K as crypto long liquidations top $1 billion
Coverage timeline
- First reported by Coinpedia
- Confirmed by CryptoPotato
- CryptoVideos brief published
How this brief was made. Our system found this event in 4 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
