Pi Network Hits 120 Million Downloads, Price Eyes $1

Monicah W

Pi Network News Today

The post Pi Network Hits 120 Million Downloads, Price Eyes $1 appeared first on Coinpedia Fintech News

Pi Network has now been downloaded over 120 million times worldwide. In the last 30 days alone, it gained 1.3 million new users — a strong sign of growing global interest in decentralized finance. The project, started by Stanford PhDs, has over 55 million members and aims to create a fair and open financial system for everyone. 

In other news, Banxa has received K.Y.B (Know Your Business) approval to sell Pi Coin worldwide. This is a big deal, as it opens the door for global buying and selling of Pi. According to reports, Banxa had earlier purchased over $30 million worth of Pi, and now plans to sell it worldwide.

Pi Coin Price Fails To React?

However, the price of Pi Coin (PI) is currently under pressure. It has been stuck in a consolidation phase for around 40 days and is now trading just above $0.58. The coin needs to reclaim the $0.60–$0.62 range with strong volume to regain momentum.

Technical indicators show weakness: the price is below its 10, 20, and 50-day moving averages, the RSI is near 40 (indicating weak buying interest), and the MACD shows no sign of a bullish reversal. Traders remain cautious while major token unlocks continue.

Pi Coin launched at around $2 and quickly rose to $2.90. It was listed on five exchanges and even appeared in the top 11 on CoinMarketCap. But after that, the price dropped, falling as low as $0.40. Many began doubting the project, calling it useless.

While the network’s growth is strong, the next few weeks will be crucial for the price direction of Pi. Still, for many in the Pi community, the long-term vision matters more than short-term price moves.

Related Posts

XRP Liquidation Imbalance Fades as Bulls Fuels Price Breakout

XRP Liquidation Imbalance Fades as Bulls Fuels Price Breakout

The crypto ecosystem is in the spotlight as the price of Bitcoin has fueled an unusual bullish shift for assets like Ripple Labs-linked XRP. With the broad-based rebound, XRP surprisingly saw its liquidation imbalance fade over the past 24 hours. Per data from Coinglass, the asset has seen almost balanced liquidations between long and short traders. Where price is heading now remains to be seen.

The XRP Liquidation Trend

At the time of writing, XRP has seen a mild liquidation of $5.61 million in 24 hours, per Coinglass data. Surprisingly, futures traders have seen less exposure to XRP as altcoins like Solana (SOL), Dogecoin (DOGE), and Fartcoin surge ahead of XRP per daily liquidations.

The data shows that long traders suffered $2.73 million in liquidations, while short position traders suffered a loss of $2.88 million. Meanwhile, the liquidation trend shows that the imbalance has evened out. Notably, the trend shifted in shorter time spans, as short traders suffered more liquidations than long traders in 12 hours.

As the Coinglass data showcases, the shift in the broader market has pushed as many as 108,567 traders into losses as of this writing. Mostly, the uptick registered as Bitcoin reclaimed a 2-week high has shifted the broader market trajectory, even for XRP.

XRP Price Welcomes Multi-Week Breakout

It is worth noting that the fourth-largest cryptocurrency by market capitalization has rallied by over 3.11% as of writing. The coin now trades for $2.149, the highest level it has traded in about three weeks.

With this latest rally, the coin has pared off its losses over the past week, up 1.37%. Other important metrics are also in the green, signaling a broad-based rally in the market. The trading volume, for instance, has jumped by over 14.56% to $3.07 billion.

Market analysts have predicted a possible rally to $2.7 for the XRP price as Ripple network activity soared 70%. It remains to be seen whether the current momentum can fuel a reboot in the coin’s price.

How High Can Ripple Coin Soar this Month?

Historically, the Ripple Labs-linked digital currency has ended the month of April on a positive note. According to Cryptorank data, the average growth rate of XRP in April is 24.6%. Thus far this month, the top coin has only recorded a 3% growth, implying more room for growth.

XRP Monthly Returns
XRP Monthly Returns. Source: Cryptorank

If the historical trend plays out again, XRP price may end this month on another bullish note. Notably, this will be the coin’s best performance since at least 2022. Amid the growing clamor for an XRP ETF product with the US SEC, the coin has the right fundamentals to grow.

The post XRP Liquidation Imbalance Fades as Bulls Fuels Price Breakout appeared first on CoinGape.

Breaking: Spot Dogecoin ETF Advances to Review Stage; DOGE Price Spikes

Spot Dogecoin ETF Moves to Review Stage; DOGE Price Spikes

The United States Securities and Exchange Commission (SEC) has officially acknowledged the spot Dogecoin ETF filing from 21Shares, an update that has set the DOGE price on a bullish ride. This acknowledgement officially sets the 21Shares DOGE ETF product on the commission’s timeline for approval. Notably, the commission can take up to 240 days to approve or reject the ETF proposal.

21Shares Dogecoin ETF and DOGE Price Reaction

With SEC acknowledgement, the 21Shares product now joins Grayscale Investments, which are also awaiting feedback from the US SEC. 21Shares filed for the DOGE ETF on April 9. Per the firm’s demand, it hopes to launch the product to provide exposure to the Dogecoin price with institutional investors as its target.

Though it is not sure that the commission will approve the fund like it did with Bitcoin and Ethereum ETFs, the recent acknowledgement suggests that a review process for the proposed ETF has kicked off. 

The fund may be approved and launched later this year, considering the US SEC’s regulatory overhaul. Many crypto enthusiasts are optimistic that the new SEC leadership will hasten the review process.

With a pro-crypto Donald Trump-led administration and the confirmation of Paul Atkins as SEC Chair, the agency has become more receptive to crypto. This ‘benevolence’ could impact the 21Shares’ Dogecoin ETF filing.

Market Momentum Shifts In Favor of DOGE Price

Following the US SEC acknowledgment of the 21Shares spot Dogecoin ETF filing, the DOGE price jumped 6.29% in the past 24 hours to $0.2404. This rally comes despite the volatility recorded earlier in the trading hours. However, the coin has pared off all short-term and long-term losses, with its 7-day price growth at 42.19%.

Dogecoin Price
Dogecoin Price Chart. Source: CoinMarketCap

The price jump aligns with Rekt Capital’s recent analysis on the future of the canine-themed memecoin. Per the earlier DOGE price analysis, Rekt Capital noted that the coin could rally to $0.27 because it can hold support at the $0.22 price level amid an ongoing bullish shift in the market.

Beyond the Dogecoin ETF push, other asset management firms are waiting for related acknowledgment from the market regulators on their ETF applications. As reported earlier by CoinGape, Bitwise filed to list a spot NEAR ETF with the US SEC about a week ago.

With the current trend that has seen other top altcoins like Binance Coin, XRP, and Cardano jostling for ETF listings, market analysts have highlighted high odds of listing these alternative products.

The post Breaking: Spot Dogecoin ETF Advances to Review Stage; DOGE Price Spikes appeared first on CoinGape.

Bitcoin ETFs’ 2025 Inflows Undone by $5.3 Billion Sell-Off, Yet Recovery Signs Appear

Despite the strong performance last year, the market’s volatility has shifted the outlook for Bitcoin exchange-traded funds (ETFs) in 2025. A series of major sell-offs have wiped out nearly all the inflows the ETFs received earlier in 2025.

This downturn coincides with Bitcoin’s continued price decline, leaving the ETFs struggling to maintain their momentum as investor sentiment shifts.

Bitcoin ETFs Face Major Setback in 2025

According to a recent post by Bread & Butter on X (formerly Twitter), Bitcoin ETFs had a promising start to the year. Between January 1 and February 7, they saw cumulative inflows of $5.7 billion.

However, a substantial sell-off quickly followed, erasing $5.3 billion of those gains. As a result, net inflows for the year plunged to a low of $106 million. 

Bitcoin ETF Inflows vs. Outflows in 2025
Bitcoin ETF Inflows vs. Outflows in 2025. Source: X/Bread&Butter

In fact, the largest weekly net outflow was recorded in the final week of February, at $2.7 billion. That’s not all. Since the ETFs began trading, they have experienced outflows in three separate months. February stands out as the most significant, with a staggering $3.5 billion recorded as the largest monthly outflow to date.

Nonetheless, the post revealed a positive shift, noting that inflows into Bitcoin ETFs have resumed. Since March 14, the ETFs have recorded consecutive days of inflows, pushing the year-to-date net inflows to over $600 million. 

Notably, on March 17, BTC ETFs recorded their highest single-day inflow in 41 days. Amid this renewed momentum, BeInCrypto highlighted that asset managers Fidelity and ARK Invest were acquiring substantial amounts of Bitcoin, contributing to a bullish trend.

As of the latest data, the daily total net inflow reached $165.7 million on March 20. Yet, this growth was uneven across the 11 ETFs. 

Only four recorded inflows, with iShares Bitcoin Trust ETF (IBIT), leading at $172.1 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $9.2 million, Grayscale Bitcoin Mini Trust ETF (BTC) with $5.2 million, and VanEck Bitcoin ETF(HODL) with $11.9 million. 

Bitcoin ETF Flows
Bitcoin ETF Flows. Source: Farside Investors

Meanwhile, four ETFs saw zero flows, and three—Grayscale Bitcoin Trust(GBTC), Bitwise Bitcoin ETF (BITB), and Franklin Templeton Digital Holdings Trust (EZBC)—experienced outflows, reflecting a mixed market performance.

“It remains to be seen whether this marks the beginning of a sustained rebound or just a temporary relief,” the post read.

This comes as Bitcoin’s price continues to navigate turbulent waters. The cryptocurrency has faced significant setbacks due to shifting macroeconomic conditions, leading to a notable decline. 

According to BeInCrypto data, BTC has depreciated by 12.1% over the past month and 2.0% in the last 24 hours alone. At press time, it was trading at $84,147.

bitcoin price
BTC Price Performance. Source: BeInCrypto

However, analysts suggest that the worst may be over. Arthur Hayes, former CEO of BitMEX, pointed to a potential bullish shift, citing his custom US bank credit supply index, which was moving upwards.

“Doesn’t mean we are done dumping but the odds are shifting more bullish,” he said.

Market observers have also compared Bitcoin to gold. They predict that BTC may follow a similar trajectory and emerge from its current “fakeout” phase. Others believe Bitcoin is in a bear trap that could soon end.

The post Bitcoin ETFs’ 2025 Inflows Undone by $5.3 Billion Sell-Off, Yet Recovery Signs Appear appeared first on BeInCrypto.