Cryptocurrency market plummets by $53 billion, Pi Network drops 31%, Bitcoin holds the $103,000 level!

Market crashes, volatility evaporates, overall stuck in a stalemate

Today, the cryptocurrency market value plummeted by $53 billion, dropping to $3.27 trillion, just a step away from the key support of $3.28 trillion. The market has shown great resilience since early April, but is now caught in consolidation, with a potential short-term drop below $3.16 trillion, triggering a new round of adjustments or long-term fluctuations.

Bitcoin 'lost' at key resistance, holding the $103,000 level

Bitcoin is hovering between $102,000 and $105,000, strongly resisting bullish breakthroughs, with extremely low volatility. If the macro market warms up, Bitcoin is expected to break the $105,000 resistance; conversely, if it falls below the $102,700 support, it risks dropping below the $100,000 mark, bringing significant correction risks.

Pi Network plummets 31%, falls below the $1 mark

Pi Network becomes the champion of declines, crashing 31% in 24 hours, dropping to $0.85, with growing market concerns about its stability. If the $0.78 support is breached, it may further drop to $0.71. Only by breaking the $0.87 resistance can it hope to reverse the downward trend and return to the $1 position.

Focus news: Tether is about to launch an AI development platform, AI coin market welcomes an explosive period

In the third quarter of the future, Tether will launch a decentralized development platform QVAC aimed at AI agents, seizing the first mover advantage in AI blockchain. Research shows that AI Meme coins account for 41% of the AI cryptocurrency market value, while the DeFAI market, though small, is growing rapidly, with enormous future potential.

Summary: The market is turbulent, fluctuations are inevitable, but hidden rebound opportunities exist

The short-term market lacks volatility, mainstream coins maintain key positions, but altcoins continue to face pressure. The integration of AI and blockchain has become a new focus, and those who can seize the wave can look forward to a bright future. The cryptocurrency market is at a critical juncture, with exciting developments still ahead!