The cryptocurrency market experiences a rise after a recent downturn, with Bitcoin and many altcoins turning green. Pi Network's 20% surge garners attention.
Bitcoin Enters the Green Zone Again
The past few days have been quite volatile for the leading cryptocurrency. At the start of March, Bitcoin's price nearly reached $95,000 following US President Donald Trump's announcement about establishing a strategic reserve. However, it soon fell below $83,000 due to the escalation of the trade war. Despite this, the price surged again to $92,300 before dropping once more. In the past 24 hours, the asset has recovered to almost $84,000, with the current price around $82,300 according to CoinGecko. Bitcoin's market capitalization has surpassed $1.6 trillion, with its market dominance at 58.9%.
Pi Network Leads Among Altcoins
Altcoins have followed Bitcoin's overall trend, with some showcasing more significant price jumps. Pi Network's token notably surged over 20% in the past day amid rumors of a possible listing on Binance. Other significant gainers include Dogecoin, Ripple, and Shiba Inu. However, cryptocurrencies like Tron and MANTRA have recorded declines.
Overall Situation in the Cryptocurrency Market
The total market capitalization of the sector currently stands at approximately $2.765 trillion, representing a 1% increase over the past 24 hours. An analysis of the overall cryptocurrency heatmap shows significant improvement in the positions of most assets.
The cryptocurrency market shows signs of recovery after a period of uncertainty. Bitcoin and several leading altcoins have solidified their positions in the green zone, while Pi Network stands out among the gainers with a 20% surge.
