Bitcoin's price today falls to US$70 while Pi Network's PI plummets.
- Bitcoin retreats near $70 amid tensions in the Middle East.
- Pi Network's PI erases gains and falls after recent rally.
- Altcoins retreat as cryptocurrency market loses $100 billion.
The cryptocurrency market ends the week under pressure, with the Bitcoin (BTC) Returning to test the US$70 region after failing to sustain a recent attempt to move above US$74. The movement occurs amidst escalating tensions in the Middle East, which have caused significant fluctuations in global markets.
Earlier in the week, BTC fell as low as the range of US$ 65.600Following the negative reaction of traditional markets after new episodes of conflict involving Iran. Despite the initial drop, the asset showed a rapid recovery and moved closer to the region of U.S. $ one thousand 70 Until Wednesday.
Relatively positive data from consumer price index (CPI) February, coupled with comments considered moderate from the current US president, Donald TrumpFactors regarding the geopolitical situation helped to sustain a further recovery. In this context, Bitcoin reached approximately... US$ 71.800, remaining close to that level for a few sessions.
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Bitcoin's price today is resisting high inflation and weak GDP in the US.
On Friday, the leading cryptocurrency in the market recorded a stronger jump and even touched [a certain level]. U.S. $ one thousand 74, establishing its highest price in about ten days. However, the region acted as resistance again, and the price suffered an almost immediate rejection.
With the new attacks described as some of the most intense in the Middle East region, BTC has once again retreated rapidly and is now trading near [value missing]. U.S. $ one thousand 70, a level that buyers are trying to defend in the short term.
Bitcoin's market capitalization has fallen to approximately US $ 1,41 trillion, while its dominance over other cryptocurrencies remains close to 57%.
While BTC faces technical resistance, the Pi Network PI token It recorded one of the biggest market drops in the last 24 hours. After soaring to near US$ 0,30Fueled by anticipation surrounding its listing on the Kraken exchange, the asset lost much of its recent gains.
Since the price peak, the PI fell by more than 31%., currently trading slightly above the region of US$ 0,20, reflecting strong volatility and profit-taking after the rapid appreciation seen previously.
Among the major altcoins, the movements are also negative, although to a lesser extent. Ethereum (ETH) receded below US$ 2.100, while the BNB Faucet dropped to about US$ 650. The XRP remains close to US$ 1,40.
Other assets are also registering moderate losses. Solana (SOL) It is traded close to US$ 87, While Cardano (ADA) shows a daily drop greater than 4%.
The exception among the major cryptocurrencies is... CC, which recorded an increase in value of approximately 5%, being traded in the region of US$ 0,155.
With the widespread correction, the total cryptocurrency market capitalization fell about US $ 100 billion since the peak recorded the previous day, now hovering around $2,48 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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10:13 AM EDT, 10/08/2026 (MT Newswires) -- Price: 91.10, Change: -2.48, Percent Change: -2.65
NASDAQ TRADE HALT CONTINUES <SVA.O> REASON NOT AVAILABLE AT 09:52 AM
NASDAQ TRADE HALT CONTINUES REASON NOT AVAILABLE AT 09:52 AM
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