Pi Coin tumbles 55% from peak as crypto market faces broad sell-off
Pi Network Coin plunged nearly 55% to $1.38 from its all-time high of $2.98 amid a broader crypto market sell-off, pressuring investor sentiment.
Bitcoin slipped below $77,000, hitting a four-month low as uncertainty over U.S. President Donald Trump's tariff plans, along with concerns over U.S. economic growth, intensified. Investors feared escalating trade tensions could slow the economy and push it into recession. Ethereum dropped 8%, while XRP, BNB, and Solana also saw sharp losses.
The decline followed Trump's refusal on Sunday to predict whether the U.S. could face a recession, further heightening investor concerns about global economic stability.
«The crypto market is experiencing a major downturn, with Bitcoin falling under $80,000 and Ethereum hitting a 16-month low around $1,800. Fears of a recession and broad market sell-offs are driving this pullback,» said Avinash Shekhar, Co-Founder & CEO, Pi42.
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View Details»Macroeconomic factors, including inflation and interest rate policies, are fueling volatility across risk assets,
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