PI Token Soars by 16%, Bitcoin Maintains Position at Weekly Peaks: Cryptocurrency Update

Bitcoin, following two successive drops below $100,000, is seeing a price recovery, charting a weekly high of approximately $107,000. Bitcoin's bounce back is due to the improved geopolitical scene over the last few days, despite a significant plunge triggered by escalating tension in the Middle East. In addition, most larger-cap alternative coins are also slightly in the green.

The PI Network's token is leading the surge, experiencing a 16% rise, driven by rumors of a potential listing on a major exchange. Ethereum has rebounded back to $2,400, with XRP close to $2.2. Other cryptocurrencies, including ADA, TRX, BNB, SOL, DOGE, LINK, BCH, and HYPE, have also seen minor price increases. The total crypto market cap has recovered another $40 billion overnight, standing at $3.4 trillion.