Pi Coin tumbles over 20% as crypto market faces widespread sell-off
Bitcoin fell below $80,000, touching a 3.5-month low as uncertainty over US President Donald Trump‘s tariff plans, crypto regulations, and a $1.5 billion Ethereum hack rattled markets. Ethereum dropped 7%, while XRP, BNB, and Solana also posted sharp losses.
“After trying to stabilize near $86,000, Bitcoin pulled back to the $80,000 level, mirroring a broader market trend as bulls failed to regain control,” said Alankar Saxena, CTO and co-founder of Mudrex.
Crypto Tracker
Also Read: Robert Kiyosaki sees Bitcoin crash as a buying opportunity, calls it ‘Money with Integrity’Despite the decline, Pi Coin remains up 291% from its all-time low of $0.6152 on February 20, 2025. However, it has fallen 20% from its peak of $2.98, reflecting increased volatility in the asset. While some institutional investors remain optimistic about the long-term outlook, near-term uncertainty continues to weigh on crypto prices. Analysts say regulatory concerns and macroeconomic factors will play a key role in determining the market’s direction in the coming weeks.
Also Read: Bitcoin is a bubble and will blow up someday, says Jim Rogers
Can Pi Coin Hit the $100 Mark?
Pi Coin has yet to cross even the $10 threshold, but some crypto analysts believe it has the potential for significant growth if adoption increases and major exchanges begin listing it. OKX has already announced plans to enable Pi Coin trading, provided the network meets its listing criteria and completes a successful transition.
Market watchers suggest that for Pi Coin to reach $100, it will need strong demand, increased trading liquidity, and widespread acceptance as a digital asset. The success of its Open Mainnet could drive further institutional and retail interest, but challenges remain in terms of regulatory approval and real-world use cases.
(Disclaimer: Recommendations, views, and opinions expressed by experts are their own and do not reflect the views of The Economic Times)