Pi Network Coin jumps 13% but still well below peak—Will the rally last?

Synopsis

Pi Network Coin surged 13% to $1.68 on Thursday but remains 44% below its all-time high of $2.98. The broader crypto market rebounded, with Bitcoin hitting $84,000 and XRP rising 4%. The recovery follows a sharp sell-off earlier in the week due to macroeconomic uncertainties and concerns over Trump’s tariff policies, which had pushed Bitcoin below $77,000.

Pi Network Coin rose 13% to $1.68 on Thursday, partially recovering from recent losses. However, the cryptocurrency remains down 44% from its all-time high of $2.98, underscoring ongoing volatility in the broader crypto market.

The crypto market rebounded strongly, with Bitcoin surging to $84,000 and XRP rising 4%, while Ethereum, BNB, and Solana also posted notable gains.

The recovery follows a sharp sell-off earlier in the week, driven by macroeconomic uncertainties and investor concerns over US President Donald Trump's tariff policies. Bitcoin had slipped below $77,000, reaching a four-month low before bouncing back as investor sentiment improved.

"Bitcoin has demonstrated resilience, surging over 2% despite market challenges. This comes after a lower-than-expected U.S. CPI report, which typically supports bullish sentiment. However, trade tensions have tempered enthusiasm," said Shivam Thakral, CEO of BuyUcoin.

Also Read: Kiyosaki rejects Bitcoin ETFs: Why he prefers real BTC over paper assets

Edul Patel, CEO of Mudrex, noted, "Bitcoin is trading between $80,000 and $84,000 as trade tensions escalate. While softer CPI data initially drove a rally, the EU’s counter-tariff announcement triggered profit booking. Investors should monitor the US’s response as it could bring further volatility."

Despite gains, Pi Coin remains 44% below its peak, reflecting continued market volatility. However, some analysts see long-term potential if adoption increases and major exchanges list the token. OKX has announced plans to enable Pi Coin trading, provided the network meets listing criteria and completes a successful transition to Open Mainnet.

Also Read: Trump signs order to establish strategic bitcoin reserve

For Pi Coin to reach higher valuations, market watchers emphasize the need for strong demand, increased liquidity, and broader real-world adoption. Regulatory clarity and institutional interest will also be key factors in determining its future trajectory.

Also Read: Trump’s Strategic Bitcoin Reserve plan: What’s next for crypto? Here's what experts think

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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