On Bitcoin started the day by expanding the recovery seen in the last few days and was at times traded in the US$ 64 thousand region, reaching its highest price in approximately two weeks. However, sell pressure returned at this level, preventing a continuation of the uptrend and taking the market’s top cryptocurrency back below the US$ 63 thousand.
The pullback happened after a positive streak that began at the start of July, when buyers returned to the market after the asset tested levels below US$ 58 thousand. Since then, the recovery has occurred gradually, allowing Bitcoin to recoup part of the losses accumulated over the last few weeks.
The recent performance comes after a very negative period. During June, the cryptocurrency recorded a drop close to 20%, marking its worst monthly result in four years. The decline gained momentum after the asset lost support in the US$ 83 thousand range in mid-May, kicking off a devaluation cycle that extended through the beginning of this month.
Even with the rejection at US$ 64 thousand, Bitcoin still has a market capitalization close to US$ 1.26 trillion, while its share of the total cryptocurrency market value remains above 56%, indicating the asset continues to concentrate most of the sector’s liquidity.
Among the main altcoins, the day was marked by modest fluctuations. Ethereum, BNB, Solana, XRP and TRON posted slight gains, near 1%, with no significant changes in the market structure. Meanwhile, Cardano and Zcash showed small losses, while Stellar and Hyperliquid (HYPE) led the gains among the highest-cap assets.
In the group of medium- and lower-cap cryptocurrencies, DeXe and Litentry (LIT) were the standout performers, with both accumulating double-digit gains during the session. LIT’s appreciation further reinforced its staying power among the 100 largest cryptocurrencies by market value.
In the opposite direction, the token of Pi Network (PI) continued to show one of the weakest performances in the market. The asset remains under pressure from a streak of declines and is already trading very close to its historical low recorded at the end of June.
Trading below US$ 0,115, PI is about 1% above the lowest price it has already recorded. If selling pressure continues to dominate over the next few days, the token may retest this historical floor, while investors watch to see whether buyers will step in and be able to interrupt the downtrend.