PONS Hits Record High as Bitcoin Dips Below $80K

Bitcoin hit a wall this week after climbing to a three and a half month high of $82,400. Following a stronger than expected US jobs report on Friday, the price dropped sharply below the $80,000 mark. While the coin found some support near $79,600, traders are watching closely to see if the asset can regain its momentum or if further downside is ahead.

While Bitcoin struggles, the smaller altcoin PONS is grabbing headlines with a 30 percent gain over the last 24 hours. This move pushed the token to a new all time high of nearly $0.90. Other coins like DASH also showed strength with a 25 percent increase, while BNB gained 4.5 percent to stay relevant among the larger market cap assets.

The broader market remains mixed as major assets face selling pressure. Ethereum slipped back below the $2,500 level, and XRP pulled back to $1.40. Investors should monitor how Bitcoin behaves over the weekend, as its dominance has started to retreat slightly, potentially opening the door for more volatility in the altcoin sector.