PI
+5.2%
CAP
+0.9%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
$81,432.00
Change since
+0.81%
7 days
Sources · 5 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
CoinCentral
Tier 3
Ethereum Liquidations Outpace Bitcoin in $1 Billion Crypto Crash
Coverage timeline
- First reported by Coinpedia
- Also reported by CryptoPotato
- CryptoVideos brief published
- 1 more publisher added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
SUI
+2.2%
