Bitcoin Struggles at $65K as PI Gains Ground

Bitcoin experienced a busy week, climbing to $65,400 on Friday following a weak US jobs report. This positive data lowered expectations for a September rate hike, giving the price a temporary boost. However, the momentum faded quickly, and the asset is now trading sideways around the $65,000 level.

Market movement remained mixed across the broader industry. Crypto.com saw its native token, CRO, drop over 12 percent to a multi year low. This follows the decision by Trump Media to cancel its partnership with the platform. Meanwhile, other major assets like Ethereum, Solana, and Dogecoin saw only minor fluctuations.

Pi Network provided a rare highlight with a 5 percent gain, successfully reclaiming the $0.09 support level. Community sentiment for the token remains high despite the lack of major movement in the total crypto market cap, which holds at roughly $2.3 trillion. Traders should watch the $65,000 mark for Bitcoin to see if it can establish a stronger base over the weekend.