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Home»Market»Pi Coin plus more than 20% while the cryptographic market faces a widespread sale
Market

Pi Coin plus more than 20% while the cryptographic market faces a widespread sale

February 28, 2025No Comments
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Pi Coin plunged more than 20% on Friday, reaching an intraday lower of $ 2.26 before going back to $ 2.41, still down 12% for the day. The decline occurred in the middle of a broader sale of the cryptography market, which has put pressure on the feeling of investors.

Bitcoin fell below $ 80,000, affecting a 3.5 -month hollow as a pricing plans by US President Donald Trump, cryptographic regulations and $ 1.5 billion piracy rushed into the markets. Ethereum fell 7%, while XRP, BNB and Solana also displayed net losses.

“After trying to stabilize nearly $ 86,000, Bitcoin fell to $ 80,000, reflecting a wider market trend when the Bulls did not regain control,” said Alankar Saxena, CTO and Co-founder of Mudrex.

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Read also: Robert Kiyosaki considers Bitcoin crash as an opportunity to buy, calls him “money with integrity”Despite the decline, the PI room remains up 291% compared to its hollow of $ 0.6152 on February 20, 2025. However, it dropped by 20% compared to its $ 2.98 peak, reflecting increased volatility of the assets. While some institutional investors remain optimistic about long -term perspectives, short -term uncertainty continues to weigh on cryptography prices. Analysts say that regulatory concerns and macroeconomic factors will play a key role in determining market orientation in the coming weeks.

Read also: Bitcoin is a bubble and will explode one day, says Jim Rogers

Can Pi Coin reach the $ 100 brand?

Pi Coin has not yet crossed the threshold of $ 10, but some cryptographic analysts think that it has the potential of significant growth if adoption increases and that major exchanges are starting to list it. OKX has already announced its intention to activate the trading of PI parts, provided that the network meets its registration criteria and ends a successful transition.

Market observers suggest that for Pi Coin to reach $ 100, it will take high demand, increased commercial liquidity and generalized acceptance as a digital intake. The success of its principal principal could arouse new institutional and retail interests, but challenges remain in terms of regulatory approval and real use cases.

(Non-liability clause: The recommendations, opinions and opinions expressed by experts are theirs and do not reflect the opinions of the economic time)



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