PI (Pi) fell 3.89% in the last 24 hours.

Gate News Bot news, August 13, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.39, falling 3.89% in the last 24 hours, with a high of $0.46 and a low of $0.34. The current market capitalization is approximately $3.025 billion, a decrease of $122 million compared to yesterday.

Pi is a cryptocurrency that can be mined on mobile phones without consuming power. Its groundbreaking technology allows users to mine Pi on their phones without draining the battery. Pi is a decentralized digital currency that is secure, tamper-proof, forgery-resistant, and interoperable. The project aims to enable more people to participate in the cryptocurrency revolution, making cryptocurrency mining easy and environmentally friendly.

Important news about PI recently:

1️⃣ The Federal Reserve's interest rate policy expectations affect the cryptocurrency market

A well-known cryptocurrency investor recently invested $1.3 million, betting that the Federal Reserve will maintain the current interest rate level after the FOMC meeting in July 2025. This large investment reflects the market's expectations for the direction of U.S. monetary policy over the next two years, which may have a long-term impact on the cryptocurrency market, including PI.

2️⃣ Investors are shifting their focus from the short term to the long term.

Large amounts of capital are betting on the interest rate trend in July 2025, indicating that some market participants have extended their investment horizon to the long term. This shift in long-term investment strategy may affect market sentiment and price trends of cryptocurrencies such as PI, with investors paying more attention to the long-term development prospects of projects.

3️⃣ The PI price shows elasticity, with a clear fluctuation range.

Recently, the PI price has fluctuated between 0.34 USD and 0.46 USD, demonstrating a certain degree of price elasticity. This fluctuation range reflects the market's ongoing attention to the PI project on one hand, and on the other hand, it shows the current market's uncertainty regarding the value assessment of PI.

From a technical perspective, the PI price has recently shown a volatile downward trend, breaking below the previous support level of $0.36. Considering the current uncertainty in macroeconomic expectations, the price trend of PI may continue to be influenced by external factors. Investors should closely monitor the potential impact of changes in global economic policies on the cryptocurrency market.

This message is not intended as investment advice, and investors should be aware of market volatility risks.