Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow?

Monicah W

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The crypto market experienced another busy week, with major events shaking up the landscape. The U.S. Federal Open Market Committee (FOMC) made its decisions, and the long-running XRP lawsuit was finally resolved, bringing relief to the community. However, the Pi Network faced some tough challenges. 

The migration and Know Your Customer (KYC) process are now complete, but many users were unable to claim their tokens. As a result, Pi fell behind the market, leading to doubts about whether now is a good time to buy. 

Among the top 100 cryptocurrencies, Pi was the worst performer last week, losing more value than the rest. A big blow came when Binance refused to list Pi. They stated that any token not listed on the Binance Smart Chain is not eligible for a vote, disqualifying Pi from consideration.

What’s Next For Pi Coin Price?

The Pi token dropped below the $1 mark, after hitting an all-time high of $3 following its Open Network launch on February 20. It hit the lows of around $0.70, leaving many investors uncertain about the future. However, it has now bounced back, trading at around $0.96. Despite the downturn, analysts are spotting potential for a rebound and there are signs that a breakout could happen. If the support level holds strong, Pi could push back toward $2.

The trading volume saw an initial spike but later declined, showing that sellers are currently in control, weakening the momentum of buyers. Ater a 3% drop, the price is approaching the critical $0.70 support level, and if this breaks, it could lead to further drops, potentially down to $0.50 or $0.10.

On the bright side, if Pi reclaims the $1 level, it could trigger an upward move toward $1.20, offering hope for a recovery.

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U.S. Government Establishes Strategic Bitcoin Reserve: Key Insights & Market Impact

The post U.S. Government Establishes Strategic Bitcoin Reserve: Key Insights & Market Impact appeared first on Coinpedia Fintech News

The U.S. government has long held a significant Bitcoin stash, mostly from criminal seizures and civil forfeitures. President Donald Trump has officially signed an Executive Order to establish a Strategic Bitcoin Reserve. This reserve will be funded using seized BTC, ensuring taxpayers won’t bear any costs. Trump’s crypto czar, David Sacks, compared this move to creating a “digital Fort Knox” to solidify America’s dominance in the crypto economy.

The Big Question: How Much BTC Does the U.S. Hold?

Estimates of U.S. government Bitcoin holdings vary widely. David Sacks claims the government holds close to 200,000 BTC, and an audit has been ordered to determine the exact amount. 

Crypto analyst Conor Grogan estimates the figure at 198,109 BTC, worth around $18 billion at current prices. However, analyst Alex Thorn argues that only 86,000 BTC is available for use, as 112,000 BTC was seized from the Bitfinex hack and is expected to be returned.

Key Takeaways from Trump’s Executive Order

  • The government will not sell BTC stored in reserve.
  • An official audit has been ordered to verify holdings.
  • The Treasury and Commerce Departments will explore budget-neutral strategies.
  • A separate Digital Asset Stockpile has been created for non-Bitcoin assets acquired through forfeitures.

Legal Confusion: Seized vs. Forfeited BTC

In response to Thorn, Miles Deutscher adds more clarity, explaining that while the U.S. government technically holds 198,000 BTC, only 88,000 BTC (43%) is available for use. The rest is caught up in legal battles, particularly regarding Bitfinex’s hacked funds. This distinction between “seized” and “forfeited” assets could impact how much BTC the government can leverage for the Strategic Reserve.

Samson Mow, CEO of JAN3, emphasizes that the U.S. Strategic Bitcoin Reserve (SBR) is more than just seized assets—it marks the beginning of nation-state Bitcoin adoption. While some argue there’s no actual buying, he assures that “budget-neutral” methods like Bitcoin bonds or selling gold will come into play. He highlights that with the SBR, Bitcoin is now officially treated like gold, creating a “digital Fort Knox.” The move also triggers an official audit of U.S. Bitcoin holdings, challenging inflated estimates of 207k-220k BTC, as 95k BTC will be returned to Bitfinex. With China holding 194k BTC, Mow suggests the U.S. won’t settle for second place and will eventually acquire more Bitcoin, fueling a global race for strategic BTC reserves.

Market Impact

The crypto market has reacted strongly to Trump’s Bitcoin Reserve announcement. Prices of ADA, XRP, and SOL jumped following the news, while Bitcoin itself faced a brief sell-off amid funding confusion. Historically, when the U.S. government has offloaded Bitcoin, the market has suffered. However, Sacks’ assurance that the government will not sell BTC from the reserve has given investors hope for stability.

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The post U.S. Government Establishes Strategic Bitcoin Reserve: Key Insights & Market Impact appeared first on Coinpedia Fintech News
The U.S. government has long held a significant Bitcoin stash, mostly from criminal seizures and civil forfeitures. President Donald Trump has officially signed an Executive Order to establish a Strategic Bitcoin Reserve. This reserve will be funded using seized BTC, ensuring taxpayers won’t bear any costs. Trump’s crypto czar, David Sacks, compared this move to …

US-China Tariff De-Escalation Rumors Drive Crypto Market Toward $3 Trillion

Both Bitcoin and the stock markets surged today after Treasury Secretary Scott Bessent allegedly suggested that tariffs with China will be eased. This is the second time in a month that tariff rumors led to a market rally.

However, TradFi market hype began deflating without the White House assuring a pause, while Bitcoin remained steady. This could prove a useful data point that Bitcoin is decoupling from the stock market after previous correlation.

Bessent’s Tariff Comments Spur Market Pump

Trump’s tariffs have caused a lot of economic chaos, and the uncertainty is arguably having the worst impact on markets. Two weeks ago, false rumors of a tariff pause caused markets to pump, followed by a real pause announcement.

Today, a Bloomberg report claims that Scott Bessent believes that the US will de-escalate proposed China tariffs.

“The next steps with China are, no one thinks the current status quo is sustainable at 145 and 125 [percent]. So I would posit that over the very near future, there will be a de-escalation. And I think that that should give the world, the markets, a sigh of relief… We have an embargo now, on both sides, right?” one source claimed Bessent said.

Immediately after this rumor began circulating, Bitcoin’s price began rising alongside traditional stocks. The Dow Jones rebounded 1,000 points, the S&P 500 went up by 500, and Nasdaq rose 3%.

Together, these factors created a fresh degree of market optimism.

bitcoin price chart
Bitcoin Daily Price Chart. Source: BeInCrypto

Bessent, a longtime crypto advocate, has been more ambivalent than other cabinet members like Peter Navarro or Howard Lutnick regarding tariffs.

Additionally, regardless of his personal beliefs, he has no actual authority to change Trump’s decision. After a period of relief, TradFi stocks began to fall once again.

Nasdaq Deflates from Tariff Hopes
Nasdaq Deflates from Tariff Hopes. Source: Google Finance

There are two interesting takeaways from this. First of all, two weeks ago, the stock market fell after the White House officially denied pause rumors. Today, however, there hasn’t been any official response to Bessent’s tariff comments.

Nonetheless, traditional markets still fell, while BTC remained steady above $91,000 and the overall crypto market cap hit $2.96 trillion.

Does this data give credence to the notion that Bitcoin will be safe during a recession? It’s hard to say so far. If it rises alongside bullish macroeconomic developments but remains stable during bearish ones, that seems too good to be true.

Still, it’s subject to very different concerns from TradFi. Investors should closely examine further tariff rumors in the future.

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