The total value of the cryptocurrency market (Totalcap) and Bitcoin continue to have minimum movements, with the latter falling below $ 85,000 again. Among the altcoins, PI Network (PI) was the most affected, with a 16% drop in the last 24 hours.

In today’s news (16):

• Ethereum led the DAPP platform market in the first quarter of 2025, with $ 1.021 billion in revenue of rates, surpassing much competitors as base and BNB Chain. Although Ethereum’s dominion continues, other networks like Arbitum and Avalanche are growing, but they stay well behind the generation of DAPP rates.
• A group of veteran traders in the US is launching USDI, an inflation indexed stablecoining using CPI data and TIP performance. Founder Michael Ashton intends to provide an asset that retains purchasing power, but USDI faces significant competition in the crowded Stablecoins market.

The cryptocurrency market cannot recover

The total value of the cryptocurrency market has lost $ 31 billion in the last 24 hours, falling below the $ 2.60 trillion support level. This fall reflects the continuous absence of high signs in financial markets in general, maintaining the general feeling of the market contained. Investors remain cautious with the continuity of volatility.

The optimistic goal for Totalcap remains at $ 2.74 trillion. However, to reach this goal, the total value of the cryptocurrency market needs to ensure a support of US $ 2.61 trillion. Maintaining this level will provide the necessary basis for potential recovery. Without this, the market may suffer new losses.

If the low trend continues, the total value of the cryptocurrency market could fall to $ 2.50 trillion. A fall below this key level would signal prolonged weakness in the market and delay any potential recovery.

Bitcoin remains stable

Bitcoin’s price remained relatively stable, but failed to break the critical resistance of $ 85,000. Transforming this level into support is essential for Bitcoin to continue its upward movement. Without this support, future growth can be harmed, leaving the price stagnant.

At the current pace, Bitcoin will probably fall to $ 82,619. If the price drops below this support level, it may fall to $ 80,000. Such a drop can trigger panic sales among investors, causing even more low price pressure.

Turning $ 85,000 into support is crucial to Bitcoin’s optimistic perspective. Successfully break $ 86,848 would probably propel Bitcoin to $ 89,800. This upward impulse would invalidate the low thesis, paving the way for the recovery of Bitcoin and potential additional gains as long as investors confidence remains strong.

Pi Network loses this week’s earnings

The price of PI has dropped 16% in the last 24 hours, being negotiated at $ 0.61. Altcoin is currently staying above the $ 0.61 support level. However, the price remains vulnerable to new corrections, and a sustained drop can lead to additional losses if the main levels of support are not kept.

If the PI does not remain above $ 0.61, it may fall to $ 0.51. This drop would probably increase sales pressure, signaling a possible continuation of the low trend. Losing the $ 0.51 support could push the PI even lower, to $ 0.40, marking a significant drop in price and getting worse in investors.

Recovering $ 0.61 as support can signal potential recovery for PI. Keeping this level successfully can boost the price beyond $ 0.70, with additional gains towards $ 0.87. If this occurs, the low perspective will be invalidated and a more optimistic scenario will develop for Altcoin.