Crypto market update: PI outshines major altcoins as crypto market nears $2.7T

Pi Network’s PI (PI) token recovered over the weekend as several altcoins moved higher. PI rose more than 5% in 24 hours and traded above $0.18.

Summary

• PI token gained over 5% in 24 hours, trading above $0.18 during weekend recovery move.
• Bitcoin briefly touched $78,200 before settling near $78,000 after several days of rangebound trading action.
• Crypto market cap neared $2.7 trillion as select altcoins gained and Bitcoin dominance topped 58%.

The rebound followed recent weakness in the Pi Network token. STABLE led the daily gainers with a 7% move to $0.034, while PI ranked among the stronger performers.

Bitcoin (BTC) also moved higher after a quiet weekend. The asset briefly touched $78,200 before easing back near $78,000, keeping its market value around $1.56 trillion.

The move came after Bitcoin traded in a narrow range for several days. It held between about $77,000 and $78,500 after failing to extend an earlier rally toward $79,600.

Trump event report adds market attention

Reports said U.S. President Donald Trump was evacuated from the White House Correspondents’ Dinner after gunfire near the event venue. Authorities later said a 31-year-old California man was taken into custody with multiple weapons.

Bitcoin rose by about $1,000 within minutes after the report before pulling back. The move kept traders focused on how political and security events may affect short-term crypto prices.

Altcoins show mixed weekend moves

Several altcoins posted gains alongside PI. XMR and SKY rose more than 4% on the day, while ETH, TRX, and DOGE traded slightly higher.

Other large tokens moved lower. XRP, BNB, SOL, HYPE, and BCH recorded small losses, while RAIN fell 5% in the same period.

The total crypto market value moved back near $2.7 trillion after adding about $40 billion from the previous day’s low. Bitcoin’s market share remained above 58%, showing that traders still focused on BTC during the weekend recovery.