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Crypto World

Bitcoin stabilizes at $66K as SIREN jumps and PI rebounds

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Bitcoin, Ether drop as war tensions shake markets

Bitcoin held above $66,000 through most of the weekend, even as some traders expected sharper moves. 

Summary

  • Bitcoin stayed above $66,000 for 36 hours after rebounding from Friday’s four-week low near $65,500.
  • Major altcoins showed limited movement, while Bitcoin dominance slipped to 56% and market cap stalled.
  • SIREN surged 13% to $1.80, while PI rebounded above $0.18 after recent weakness.

The steady action followed a volatile week that pushed the asset from near $72,000 to a four-week low before it recovered.

Most large-cap altcoins tracked Bitcoin’s calmer pace. Ethereum, XRP, Solana, and BNB posted only small moves, while a few smaller tokens recorded wider swings.

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Bitcoin entered the weekend after several quick moves during the week. It traded above $70,000 last weekend, then dropped toward $67,500 on Monday as broader market tension returned.

The asset then climbed close to $72,000 after US President Donald Trump said the United States had reached a “de-escalation deal” with Iran. That move faded after Iran denied the claim, which pushed Bitcoin back toward $69,000.

Buyers lifted Bitcoin again to the $72,000 area on Wednesday morning. That rebound did not last, and another rejection followed later in the week.

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By Friday, Bitcoin had fallen to around $65,500, its lowest level in four weeks. It then recovered and stayed above $66,000 for roughly 36 hours, showing a more stable pattern than some weekend forecasts had suggested.

Market cap and dominance stay under pressure

Despite the recovery from Friday’s low, Bitcoin’s market capitalization remained near $1.330 trillion. Its share of the total crypto market also slipped, with dominance standing at 56% on CoinGecko data.

The broader crypto market showed little change during the same period. Total market capitalization stayed near $2.370 trillion, which pointed to a pause in momentum across major digital assets.

Large-cap altcoins mostly moved in a narrow range. ETH, XRP, SOL, and DOGE posted small losses, while BNB, TRX, BCH, XMR, and HYPE recorded modest gains.

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That price action suggested traders remained cautious after the earlier swings. The market did not show strong follow-through in either direction by Sunday.

SIREN surges while PI posts a modest rebound

Among smaller tokens, SIREN remained one of the most active names. The token gained another 13% over the past 24 hours and traded around $1.80.

Its recent trading range has been wide. SIREN had climbed to $3.60 earlier in the week before falling to $1.00, then rebounding again over the following days.

Pi Network’s PI token also moved higher, though at a slower pace. It rose more than 3% on the day and traded near $0.18 after slipping below $0.175.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Crypto World

World Foundation Sells $65M in WLD as Token Hits Record Lows

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World Foundation Sells $65M in WLD as Token Hits Record Lows

Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows.

In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20. The transactions were priced at an average of roughly $0.27 per token, suggesting that around 239 million Worldcoin (WLD) changed hands.

“This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” World Foundation wrote on X.  

Of the total, $25 million worth of tokens are subject to a six-month lockup, while the remainder were immediately liquid.

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Related: World launches AgentKit with Coinbase integration to enable human-verified AI agents

WLD hits new low

Following the announcement, WLD briefly fell to an all-time low of around $0.24 before recovering to $0.27, leaving it down about 97% from its March 2024 peak near $11.82. The token is currently trading at $0.2725, up by 0.28% over the past day, according to data by CoinMarketCap.

WLD price. Souce: CoinMarketCap

Additional supply pressure may be on the horizon. A major community token unlock is scheduled for July 23, covering roughly 52.5% of the token’s 10 billion total supply, according to DefiLlama.

Meanwhile, the new sale also comes at a steep discount to prior rounds. In May last year, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain Capital Crypto.

Related: Tools for Humanity expands World app toward super-app model

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Thailand raids World-linked iris scanning site

In October last year, authorities in Thailand raided an iris-scanning site linked to World. The country’s Securities and Exchange Commission, working with the Cyber Crime Investigation Bureau, said the service may have violated digital asset laws by operating without a license, leading to arrests and an ongoing investigation.

The move added to a growing list of regulatory challenges for World. Since launching in 2023, the project has faced probes and pushback in several countries, including Indonesia, Germany, Kenya and Brazil, with concerns ranging from licensing issues to the handling of sensitive biometric data.

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