Bitcoin price falls to US$67 today while PI Coin plummets after rally.

• Bitcoin is currently fluctuating near US$67.
• Pi Network's PI plummets after recent rally.
• Cryptocurrency market loses $30 billion

Sunday, March 8, 2026 – The price of Bitcoin started the weekend under pressure, trading below the $67 mark for the first time since the beginning of the week. The drop comes amid a recent period of volatility in global markets, influenced by geopolitical tensions and economic data from the United States.

Over the past few days, BTC has experienced sharp movements. At the start of last weekend, the cryptocurrency fell rapidly from around $67.000 to the $63.000 region following military attacks involving the US, Israel, and Iran.

Despite the initial negative reaction, the asset recovered some of its losses on the same day and returned to trading near US$68. The movement continued throughout the week and led Bitcoin to reach a peak near US$74.000, a level not seen for about a month.

The advance, however, encountered resistance in that price range. Selling pressure gained strength after the release of a weak report on the US labor market, coupled with new statements from the current US president, Donald Trump, related to tensions involving Iran and Cuba.

On Friday, the correction intensified and the downward movement continued through Sunday. BTC touched around $66.600, its lowest level since Tuesday, before showing a moderate recovery. At the time of publication, the asset is trading near $67.

Even with the recent drop, Bitcoin maintains a market capitalization close to US$1,35 trillion. Its dominance over altcoins remains high, around 56,6%, indicating that the largest cryptocurrency in the market continues to concentrate a large portion of the sector's liquidity.

Among altcoins, the day's worst performer was the PI token from Pi Network. After bucking the general trend and reaching a three-month high above $0,23, the asset failed to sustain the upward movement.

The rejection at the higher end triggered a rapid drop. At the time of publication, the PI was down to approximately $0,20, wiping out a significant portion of recent gains.

Other cryptocurrencies also registered losses on the day. Ethereum moved further away from the psychological mark of US$2.000 after another slight devaluation. BNB is trading near US$620, while Solana, XRP, Cardano, Monero, and Chainlink are also operating at a loss.

Overall, the total value of the cryptocurrency market shrank by approximately US$30 billion in just 24 hours, falling below US$2,4 trillion. This movement indicates increased caution among investors as the market monitors macroeconomic and geopolitical factors that continue to influence prices.

Bitcoin analysis today: traders watch commodities and long-term projections.

With Bitcoin trading near the $67 mark, some analysts are monitoring not only cryptocurrency market indicators but also movements in traditional assets, especially commodities.

O analyst Michaël van de Poppe He highlighted that the behavior of markets such as oil, gold, and silver can influence global risk sentiment and, consequently, the performance of BTC in the coming days. In a recent post, he stated:

“Tomorrow, all eyes will be on oil, gold, and silver. If these markets move in favor of #Bitcoin, we could see a return to the highs next week, and the worst will be over. Otherwise, I would buy heavily in the $60 range if we test the lows again.”

The analyst's analysis suggests that Bitcoin could react positively if traditional assets linked to protection against inflation and instability show favorable movements. In scenarios of greater liquidity or risk appetite, capital flow also tends to reach the cryptocurrency market.

At the same time, van de Poppe indicates that a possible further drop to the US$60 region could represent a relevant buying zone for investors seeking to accumulate BTC at lower levels.

Another comment that resurfaced among investors came from PLANBE, creator of the well-known Stock-to-Flow (S2F) model. The analyst highlighted the difference between the current price of Bitcoin and the average projection indicated by the model for the current market cycle.

“🚨Bitcoin at $67… but the S2F model predicts an average of $500 in this cycle (2024-2028)! 📈Is BTC extremely undervalued and does it represent the ultimate buying opportunity? Or is the S2F model broken forever? 🤔What is your opinion, optimistic or pessimistic?”

The S2F model gained notoriety in previous cycles by attempting to estimate the value of Bitcoin based on the asset's scarcity. However, its performance became debated after the 2021 cycle, when the most aggressive projections failed to materialize.

🚨 Bitcoin at $67k… but S2F model screams $500k avg this cycle (2024-2028)! 📈 Is BTC massively undervalued & the ultimate buy opportunity? Or is S2F broken forever? 🤔 What's your take, bull or bust?

— PlanB (@100trillionUSD) March 8, 2026

Nevertheless, long-term projections continue to fuel discussions in the market. For some analysts, the current price of Bitcoin is still far from the estimated potential for this cycle that began after the 2024 halving.