After being rejected at $82,000 last week, Bitcoin plunged to a three-week low of $76,000 before finding support and staging a modest recovery.
By contrast, several larger-cap altcoins posted notable gains over the past 24 hours, led by HYPE, ZEC, and BCH.
BTC Rebounds From $76K
The leading cryptocurrency repeatedly attempted to break above the $82,000 resistance over recent weeks but was stopped at $82,800 once and at $82,000 on multiple occasions. The latest failed breakout occurred last Thursday following the US Senate Banking Committee’s passage of the CLARITY Act.
Bitcoin surged from about $79,000 to $82,000 within hours, only to be rejected and pushed sharply lower. That rejection proved harsher than previous ones. Initially it slipped below $80,000 by Friday evening and then plunged to $77,500 on Saturday. After holding near $78,000 on Sunday, BTC experienced another downward leg on Monday.
This sell-off drove BTC down to $76,000, its lowest level in over three weeks. Buyers stepped in after the roughly $6,000 decline over a few days and stopped the slide for now. Nevertheless, Bitcoin remains capped below $77,000 after encountering resistance there earlier today.
Bitcoin’s market capitalization sits below $1.54 trillion, while its dominance over altcoins has eased to about 58.2% on CoinGecko.
Altcoin Activity and PI Update
Major tokens such as ETH, SOL, BNB, TRX, XRP, DOGE, and ADA have largely traded flat compared with yesterday, showing minimal movement. HYPE, however, has outperformed many peers, rallying to within $12 of its 2025 all-time high as it continues to attract strong buying interest.
ZEC has been one of the stronger large-cap performers, jumping roughly 7% to about $560. Bitcoin Cash (BCH) recovered 4.5% after yesterday’s decline, while NEAR gained roughly 7% and now trades near $1.60. ONDO led the intraday winners, soaring roughly 12% to nearly $0.38.
Pi Network’s native token, PI, had been posting declines recently and fell to a three-month low near $0.145 yesterday. It has since regained some ground and now trades above $0.15, but remains down about 14% over the past two weeks.
The total cryptocurrency market capitalization remains roughly unchanged from yesterday, hovering around $2.63 trillion on CoinGecko.