Pi Network’s PI Rockets 8% From ATL as Bitcoin Struggles to Hold $74K: Market Watch

PIEVERSE and STABLE have skyrocketed the most today, both charting double-digit gains. Bitcoin’s evident price weakness continues as the asset’s recovery was halted at $75,000, and it’s now struggling to remain above $74,000. Most altcoins are in a similar boat. Some, such as ZEC and XMR, have marked massive losses over the past 24 hours, while AVAX and ONDO are up by more than 5%. BTC Shaky at $74K Bitcoin’s price troubles intensified after the massive Binance hack at the end of October, and the cryptocurrency ended the month with a 7% decline. Then the focus turned to the US midterms a week ago, which brought a fresh wave of fluctuations. At first, BTC tanked below $76,000 after the Democratic sweep before it exploded to $81,000 12 hours later. That price pump, though, was short-lived, and the asset plummeted even harder this time alongside Wall Street. The bears pushed it south to under $75,000 on Friday, which became a new 11-week low. The cryptocurrency finally rebounded over the weekend and remained close to $76,000. Another leg down followed on Monday morning, driving it to a new multi-month low of $73,500. This meant that BTC had dumped by more than $8,000 in less than a we...