Bitcoin Stable Amid Altcoin Sell-Off

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PI has dumped the most from the larger-cap alts.

Bitcoin’s price slipped below $103,000 earlier today, but the bulls managed to defend that level, and the asset is back well above it now.

However, several altcoins have marked massive losses over the past day, led by another double-digit price plunge from PI.

BTC Stays Calm
Bitcoin started the business week on the right foot as its price shot up from under $104,000 to a multi-month peak of just shy of $106,000. This came as a direct consequence of the trade deal struck by the US and China.

However, the asset couldn’t maintain its run and dropped by roughly five grand in the following hours to a weekly low of under $101,000. Nevertheless, the bulls didn’t allow a breakdown beneath $100,000, and the cryptocurrency began its recovery that pushed it to $105,000 by Thursday.

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