Bitcoin Challenges $64K Level as PI Recovers From Lows

Bitcoin continues to show strength as it pushes back toward the $64,000 mark. After a mid week dip sent the price down to $62,400, bulls stepped in to stop the slide and drive a recovery. The asset is currently fighting to maintain this level, with investors watching for high volatility over the coming weekend.

While most large altcoins are seeing sideways movement, some assets are making notable moves. Cardano has led the group with a gain of over 4 percent, while Cronos continues to trend upward following a significant recent investment in its parent exchange. Ethereum, XRP, and Solana remain slightly in the green for the day.

Pi Network is also making headlines as the volatile PI token staged a quick recovery. After reaching record lows earlier this past week, the price bounced from the $0.07 support level to trade above $0.08. Market participants will be looking to see if these gains can hold as the total crypto market capitalization grows to over $2.27 trillion.