Pi Network's price surged 15% to $0.0826 following a rebound from record lows, outpacing the broader crypto market's 3% rise. This recovery coincides with Bitcoin breaking above the $64,000 resistance, boosted by cooler U.S. inflation data easing fears of Fed rate hikes. Pi must clear $0.095 and defend $0.080 to sustain gains, with potential targets at $0.110 and $0.120 if momentum continues. Exchange holdings of Pi total around $40 million, mostly off centralized exchanges, indicating limited circulating supply on markets. The rally's continuation depends on trading volume and overall market strength.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
