Market Volatility: Bitcoin Rebounds, Pi Network Continues Descent

The cryptocurrency market has seen significant fluctuations in recent days, with Bitcoin rebounding from its dip to $61,800. The larger-cap altcoins have also been affected, with HYPE, ZEC, and XLM dropping by around 3%.

Bitcoin's price tumbled on Monday due to the escalation of tensions in the Middle East, but it has since recovered and is trading at around $64,000. The cryptocurrency market cap has lost another $20 billion and is currently below $2.220 trillion.

Pi Network's native token, PI, has continued its downward trend, crashing to just over $0.07 after yesterday's drop to $0.086. This marks yet another all-time low for the token, which was rejected at $0.30 in March and has been plummeting since then.