Pi Network’s PI Defends a Critical Support, Bitcoin (BTC) Reclaims $78K: Weekend Watch

UNI is today's top performer, skyrocketing by over 11%.

Bitcoin’s gradual price recovery after Friday’s dip below $77,000 continues into the weekend, with the asset barely moving past $78,000 today.

Most larger-cap alts have posted minor gains as well, but ETH remains below $2,500, BNB is still beneath $700, and XRP keeps fighting for $1.40.

BTC Taps $78K

The price explosion that took place within 48 hours in the middle of the month drove bitcoin out of its slumber, surging from under $65,000 to $80,000. Although the asset was stopped there at first and slipped below $75,500 last weekend, the bulls returned during the business week.

This time, they managed to push it beyond $80,000 and even $81,000 on a couple of occasions. The last attempt was on Thursday morning when BTC reached $81,500 for the first time in 15 weeks. However, its ascent was halted at this point, and it retraced hard on Friday to under $77,000.

This correction occurred after Kevin Warsh’s first speech at Jackson Hole, in which he maintained a hawkish stance. Nevertheless, the cryptocurrency has managed to reclaim some ground since then, rising above $77,000 yesterday and up to $78,150 as of press time on Sunday morning.