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Bitcoin skyrocketed past $116,000 earlier today to set a multi-week high before it was stopped and pushed south by around a grand.
Numerous altcoins have posted massive gains over the past day, led by ZEC and PI. Some of the larger caps are also well in the green.
<h2 id="btc-stopped-at-116k">BTC Stopped at $116K</h2>
Bitcoin surged at the beginning of the previous business week as well, when it added over six grand in hours and soared to $114,000. However, this rally was short-lived, and the asset slumped by eight grand almost immediately to almost $106,000.
The following days were calmer, as BTC prepared for the Friday release of the CPI numbers for September. Before the announcement went live, the cryptocurrency had calmed at $111,000 but <a href="https://cryptopotato.com/bitcoin-price-soars-as-us-cpi-numbers-come-in-lower-than-expected/" rel="noopener noreferrer nofollow">jumped</a> to $112,000 once it became known that the inflation is not as high as experts believed.
The following hours were less positive as BTC slipped to $110,000, but went on the offensive once again during the weekend and challenged $112,000 on Sunday. At first, this resistance held but gave in after the US Secretary <a href="https://cryptopotato.com/bitcoin-soars-above-113k-as-us-secretary-hints-at-china-trade-deal/" rel="noopener noreferrer nofollow">hinted</a> at a major trade deal between the US and China.
Bitcoin broke past $113,000 on Sunday and <a href="https://cryptopotato.com/bitcoin-smashes-115k-370-million-in-shorts-crushed-altcoins-finally-wake-up/" rel="noopener noreferrer nofollow">kept climbing</a> on Monday, surpassing $116,000 for the first time since the October 10 massacre. Although it has been pushed south by $1,000 since then, it’s still 2.4% up on the day. Its market cap has risen to almost $2.3 trillion, while its dominance over the alts is close to 58%.
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/10/BTCUSD-19.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/BTCUSD-19.png" alt="BTCUSD. Source: TradingView" width="1835" height="909"></a>
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 BTCUSD. Source: TradingView
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<h2 id="pi-zec-on-the-rise">PI, ZEC on the Rise</h2>
Pi Network’s native token became the top performer in the past 24 hours, <a href="https://cryptopotato.com/pi-network-pi-price-skyrockets-by-20-daily-bull-rally-starting-or-dead-cat-bounce/" rel="noopener noreferrer nofollow">skyrocketing</a> by over 25% at one point to well over $0.28. ZEC follows suit as the privacy coin is up by 15% and tapped $350 for the first time this decade.
The other notable gainers from the larger-cap alts include BCH (6.4%), ETH (4.2%), BNB (2.6%), and UNI (5%). SOL, DOGE, ADA, LINK, and HYPe are also in the green, albeit in a more modest manner.
The total crypto market cap has added over $100 billion since yesterday and briefly tapped $4 trillion earlier today.
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/10/Screenshot-2025-10-27-120801.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/Screenshot-2025-10-27-120801.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1883" height="864"></a>
 <figcaption>
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/pi-token-explodes-by-25-btc-taps-116k-as-crypto-markets-add-100b-daily-market-watch/" rel="noopener noreferrer nofollow">PI Token Explodes by 25%, BTC Taps $116K as Crypto Markets Add $100B Daily: Market Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

PI Token Explodes by 25%, BTC Taps $116K as Crypto Markets Add $100B Daily: Market Watch

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