Crypto Market Recap: QNT, CAKE, JUP Lead the Markets While PI & BONK Face Huge Upward Pressure

Crypto markets began the weekly trade on a consolidated note, as Bitcoin price was struggling to reclaim the pivotal range at $110K. While the star token failed to do so, the markets slightly collapsed, and the market capitalization dropped below $3.5 trillion. Regardless of this, Hyperliquid (HYPE) price maintained a steep upswing and smashed a new ATH close to $40 and surpassed Chainlink & Sui to become the 11th largest crypto asset. However, the bulls seem to have exhausted as the price has attracted over a 3% loss since the early trading hours