Bitcoin Fails to Break $80K Barrier Again, PI Token Holds Strong
Bitcoin's (BTC) latest attempt to breach the $80,000 level ended in failure on Monday morning. The cryptocurrency dipped below $79,000 before rebounding to just over that level. Despite repeated attempts since mid-August, BTC has not been able to surpass this key resistance.
The weekend was relatively quiet for Bitcoin, trading sideways between $79,000 and $80,000. However, on Monday morning, it tried to push past the upper boundary but was stopped at $80,500 and fell back to just under $79,000. The market cap remains at $1.6 trillion.
Meanwhile, Pi Network's native token, PI, has been performing well, remaining above the key $0.095 resistance level. ARB, on the other hand, was rejected violently at the $0.20 resistance and is down by over 13% daily.