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Shiba Inu (SHIB) is still defending a bullish technical structure despite falling by 3.18% today, June 27, to trade at $0.0000112. Despite intense volatility across the market, Shiba Inu price has defended the psychological support level of $0.00001, with bulls now eyeing an 18% jump to a monthly high. With the SHIB burn rate up
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The post What Is Going On with Crypto Today? appeared first on Coinpedia Fintech News
The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% to $2.71 trillion. Coming to “Fear & Greed Index,” the metric signals an “Extreme Fear” score of 17. However, traders did buy the dip, which helped the volumes to zoom over 94% to $101.31 billion.
The U.S. government giving a nod to Bitcoin reserve, did little to help BTC stand against the rough winds, as Bitcoin still saw liquidations amounting to $239.92 million. BTC price currently is at $82,506.72, with a change of -4.03% since yesterday. Its market cap went south by 4.03% to $1.63 trillion.
Check out our in-depth Bitcoin (BTC) Price Prediction 2025, 2026-2030 for potential price targets!
The altcoin market has not performed any better. Ethereum witnessed $108.01 million in liquidations, while XRP and Solana followed with $30.56 million and $26.46 million, respectively. Ethereum with a price drop of over 5%, is trading at $2066.30, while Solana dipped by more than 7% to $128.28. And XRP trades at $2.19 with a change of -5.61%.
For more details on XRP’s outlook, visit our Ripple (XRP) Price Prediction 2025, 2026-2030.
While the broader market bleeds, a few tokens managed to post gains. Story IP took the limelight with a 9.61% price surge. Ethena followed with a 5.11% rise, while XAUt held steady with a slight uptick of 0.01%.
On the losing end, JASMY, KAS, and Maker led the losses, with JASMY plummeting by 13.66%, KAS down 12.41%, and MKR slipping 11.75%.
The price of 1 Bitcoin at the time of writing is $82,506.72.
Story IP (+9.61%), Ethena (ENA) (+5.11%), and XAUt (+0.01%) are the top gainers.
The Fear & Greed Index is at 17, indicating Extreme Fear in the market.
The post What Is Going On with Crypto Today? appeared first on Coinpedia Fintech News
The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% …
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Pi Network’s native token, PI, has witnessed a 22% price plunge over the past week, extending its downtrend to trade at a seven-day low of $ 0.61 at press time.
The double-digit decline reflects growing bearish sentiment around the token and coincides with a broader contraction in the crypto market.
The global cryptocurrency market capitalization has dropped by over 5% in the past seven days, shedding over $170 billion. The widespread pullback has shaken investor confidence, triggering fresh PI selloffs over the past few days.
The strengthening sell-side pressure is evident in PI’s BBTrend indicator, which has continued to print red histogram bars, a clear signal of mounting bearish momentum. As of this writing, the indicator sits at -4.52.
The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When BBTrend values are positive, it typically signals a strong uptrend, while negative values indicate increasing bearish momentum.
PI’s persistent negative BBTrend suggests that its price consistently closes near the lower Bollinger Band. This trend indicates sustained selling activity and hints at the potential for a sustained price decline.
Further, PI’s Smart Money Index (SMI) has fallen over the past few days, signaling an exit of “smart money” or institutional-grade investors. This is often considered a leading indicator of deeper price declines, as it suggests reduced confidence from these key investors.
An asset’s SMI tracks the activity of institutional investors by analyzing market behavior during the first and last hours of trading. When it rises, these investors are increasing their buying activity, indicating the likelihood of an extended rally.
Conversely, as with PI, when it falls, it indicates that institutional demand for the asset is weakening, signalling potential for further downside.
PI’s climbing selling activity suggests that the token could be vulnerable to further losses in the short term. If selloffs continue, the altcoin risks breaking below the critical support formed at $0.55.
If the bulls fail to defend this support floor, PI could revisit its all-time low of $0.40.
However, a spike in new demand for the token could prevent this from happening. If the PI Network token buying pressure spikes, it could push its price to $0.86.
The post Pi Network Sell-Off Continues as PI Hits 7-Day Low appeared first on BeInCrypto.