TL;DR
Pi Network’s PI rebounded from a fresh all-time low near $0.06259, with CoinMarketCap showing the token around $0.0695 and up roughly 6% over 24 hours.
Bitcoin traded near $74,189 after Monday’s drop toward $73,500, remaining below the mid-$75,000 recovery zone.
Traders are watching October U.S. inflation data as Bitcoin tests support, while PI’s rebound stands out within a fragmented altcoin market still struggling for direction this week.
Pi Network’s PI rebounded sharply from a fresh all-time low while Bitcoin remained under pressure near $74,000 ahead of U.S. inflation data. CoinMarketCap showed PI around $0.0695 at drafting time, up roughly 6% over 24 hours after touching $0.06259, while Bitcoin traded near $74,189. PI’s rebound stands out against a broader market still struggling to stabilize after Monday’s selloff. The move gives Pi Network a rare pocket of relative strength after prolonged weakness, while Bitcoin remains close to a support area tested repeatedly this week .
Bitcoin Remains Under Pressure as PI Rebounds
Bitcoin fell to about $73,500 on Monday after losing more than $8,000 in less than a week, then recovered toward $75,500 before slipping back toward $74,000. The latest CoinMarketCap snapshot placed BTC’s market capitalization near $1.49 trillion, with the asset down about 0.5% over 24 hours. The rebound has not yet produced a sustained recovery above the mid- $75,000 area. Traders are also watching October U.S. inflation data , with expectations centered on 0.3% monthly headline inflation and 0.2% core inflation, alongside shifting expectations for Federal Reserve policy.
PI moved in the opposite direction after setting its all-time low on November 9. The token had dropped roughly 8% during the previous session before rebounding, and CoinMarketCap later showed a 24-hour gain above 6%. Its current price remains more than 97% below the $2.98 all-time high recorded in February 2025. The bounce therefore represents a short-term recovery from extreme lows rather than a reversal of PI’s longer-term decline . CoinMarketCap listed PI’s market capitalization around $790 million and 24-hour volume near $10.5 million at drafting time.
Most major altcoins showed less dramatic movement. Ethereum remained near $2,100 in the earlier market snapshot, while BNB traded around $690 and XRP stayed below $1.10 . Solana was slightly lower, while several smaller assets posted selective gains. The uneven performance shows that PI’s rebound is occurring within a market where strength remains highly fragmented. Total crypto capitalization stayed below $2.5 trillion in the earlier snapshot, leaving Bitcoin’s ability to hold the $73,000 to $74,000 region and the inflation report as immediate reference points for broader market direction. The contrast is notable because PI is recovering from a record low while BTC remains pinned near levels that have become central to short-term market positioning, making relative performance more visible despite weakness across digital assets.
