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Why is the Pi Network Price Down Today?

TL;DR PI dropped below $0.55 as market tensions and global trade wars escalate. With millions of tokens set to unlock this month and no major exchange listings, the price might continue its downtrend in the near future. Pi Network’s native token, which has been in severe decline in the past few months, saw an evident resurgence over the weekend. As CryptoPotato reported , its price pumped by double digits and hit almost $0.75 on April 5. However, the bears stepped in again with the start of the new business week, erasing much of the gains. Currently, PI trades at around $0.53 (per CoinGecko’s data), representing a 14% decline on a 24-hour scale. Its market capitalization slipped below $4 billion, pushing the asset away from the top 30 club . PI Price, Source: CoinGecko The most likely explanation behind the latest plunge is the overall collapse of the digital asset sector witnessed in the past several hours. The financial and crypto markets are under serious tension following the escalation of the global trade war. Recall that US President Trump recently announced a new wave of tariffs on virtually all countries, while some of the affected nations have either slammed reciprocal tariffs, plan to do so, or push for negotiations. Meanwhile, a substantial number of PI tokens are scheduled for release this month. Last week, Watch .Guru revealed that more than 121 million PI tokens will be unlocked before the end of April. The circulating supply currently stands at around 6.8 billion coins, which constitutes locked mining rewards and unlocked mining rewards. The latest data shows that 75% of the tokens remain locked, leaving questions about what might happen to the price once this amount frees up. Last but not least , leading exchanges like Binance and Coinbase remain uninvolved with Pi Network’s cryptocurrency despite the speculation that they might allow trading services with it. Support from these behemoths will increase PI’s liquidity and accessibility and potentially fuel a price rally. The post Why is the Pi Network Price Down Today? appeared first on CryptoPotato . CoinOtag

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Markets in Freefall: Is the Credit Market Forcing the Fed’s Hand?

Financial markets are in a meltdown and every leg lower is strengthening expectations in the credit market that the Fed will soon offer support. Bitcoin (BTC), the leading cryptocurrency by market value, traded 8% lower at $75,800 and the U.S. stocks were on track for their worst three-day performance , with S&P 500 futures down roughly 5% on Monday alone and losses approaching 15% overall. The Fed has a history of intervening during financial meltdowns with rate cuts and other stimulus measures. So, traders, having become accustomed to liquidity support, are betting that the Fed will act similarly this time. According to the CME FedWatch Tool , the federal funds futures market is now pricing in as many as five rate cuts in 2025. For the upcoming May 7 meeting, there`s a 61% probability of a 25 basis point cut, which would lower the target range to 4.25–4.50%. By year-end, the market sees the fed funds rate falling as low as 3.00–3.25%. The risk-off, coupled with the growth scare and Fed rate cut bets, is giving Trump administration what it wants – plunging Treasury yields. The all-important 10-year yield — the benchmark for the U.S. economy — has dropped to 3.923%. The popular narrative is that lower yields would make it easier for the Treasury to refinance trillions of dollars in debt in the coming 12 months, which is why the Trump administration may be more tolerant of the asset market swoon. This refinancing urgency stems from a policy shift under former Treasury Secretary Janet Yellen, who moved from longer-dated coupon issuance to short-term Treasury bills. Since 2023, about two-thirds of the deficit had been financed through bill issuance — short-term debt with rates hovering around 5%. While this may have temporarily supported liquidity, it created a ticking time bomb of expensive short-term debt that now needs to be rolled over. CoinOtag