TLDR
- Bitcoin failed to hold above $80,000 after reaching about $80,500 on Monday.
- BTC recovered above $79,000, while its market capitalization stayed near $1.6 trillion.
- Ethereum remained below $2,500, while XRP traded close to the $1.40 support level.
- Pi Network stayed above $0.09 and tested resistance near $0.095.
- LINK gained about 9%, while TAO advanced roughly 14% to $267.
Bitcoin traded near $79,000 on Monday after another failed attempt to break above $80,000. The wider crypto market stayed mostly flat, while several altcoins posted strong gains. Pi Network also remained in focus as its native token held above key support and tested nearby resistance. Bitcoin’s repeated failures near resistance kept attention on short-term price levels as traders assessed mixed moves across major cryptocurrencies and stronger performances among selected tokens.
Bitcoin Faces Another Rejection Above $80,000
Bitcoin climbed to about $80,500 on Monday morning before sellers pushed the price below $79,000. It later recovered slightly and moved back above that level. The asset’s market value stayed near $1.6 trillion.
Bitcoin has struggled to hold gains above $80,000 since late August. It fell below $77,000 after a hawkish speech from Kevin Warsh and later dropped to around $76,400 in early September. Buyers then drove BTC to $82,400 on Thursday before another pullback followed Friday’s strong U.S. jobs report.
Ethereum price remained below $2,500 as large-cap altcoins recorded small daily losses. BNB slipped under $750, while XRP stayed close to the $1.40 support area. The broader market showed limited movement despite Bitcoin’s volatility. Total crypto market capitalization stayed near $2.71 trillion, keeping the market close to Sunday’s level.
LINK, TAO and WLD Lead Gains
Several larger altcoins moved higher during the session. Chainlink gained about 9% and traded above $13. TAO rose around 14% to $267, while Mantle advanced 7.5% to about $0.635.
Internet Computer gained 12.6%, and Worldcoin rose more than 14.5%. Arbitrum moved in the opposite direction after failing near $0.20. ARB then traded around 13% below its Sunday peak.
Pi Network Tests Key Resistance Level
Pi Network’s native token stayed above the $0.09 support level during Monday trading. The token also approached the $0.095 resistance area but remained slightly below it at the time of reporting.
Pi Network continues to trade within a narrow range while other altcoins show sharper daily moves. Traders are watching whether the token can hold above $0.09 and test $0.095 again. A move beyond that area would place attention on the next price zone, while a drop below support could return focus to recent lows.
The post Pi Network Near Resistance as Bitcoin Price Retreats appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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