Pi Network Tops Crypto Gainers with 20% Jump as Bitcoin Recovers and Best Wallet ICO Nears $11M
After weeks of bearish price action, the last 24 hours have given crypto investors a glimmer of hope.
Pi Network has been leading the way with a 20% surge, taking advantage of Bitcoins recovery.
Over in the ICO sector, Best Wallet is also performing well approaching the $11 million milestone ahead of BEST tokens exchange debut.
Pi Network Surges as Bitcoin Turns Green Is The Crypto Market Back?
Its been a wild 24 hours in the crypto market.
Pi Network is crushing it, jumping 20% to hit $1.63, which puts it back to where it was on Saturday night before the sell-off that took it down to $1.23.
Although its still well below Februarys peak, spot volumes have exploded 78% to $771 million.
Plus, PI has snagged the top spot on CoinMarketCaps gainers list outpacing trending tokens like Celestia and Story.
It seems Pi Network has some solid investor support again.
Meanwhile, Bitcoin isnt sitting idle, climbing 3% to $81,750 since yesterday.
Thats a solid step up, even though the coin is still down 9% from seven days ago.
Spot volumes are solid at $44.5 billion, and open interest is creeping higher again.
Zoom out, and the entire market is green most altcoins have posted gains, and the Crypto Fear & Greed Index has crept up to 34.
Whats Next For Bitcoin After the CPI Takes a Dip?
Although Bitcoin is up slightly, things are still a bit wobbly.
The U.S. Consumer Price Index (CPI) dropped to 2.8% this week, lower than analysts had predicted, which has everyone breathing a sigh of relief about inflation cooling off.
Core CPI even dipped to 3.1% the first decrease since July last year.
These numbers help explain why Bitcoin has perked up, but the bulls arent back in control yet.
Analyst Rekt Capital notes that Bitcoin is now testing a key support level after filling a CME futures gap.
This test could determine whether Bitcoin keeps rising or if it will retreat again.
Plus, Bitcoin ETFs saw $371 million in outflows yesterday, with Grayscale offloading $35 million in assets.
These outflows suggest institutional investors still remain cautious.
The Feds next interest rate decision looms too will the positive CPI data calm things down, or is the market in for more volatility?
Best Wallet ICO Nears $11M Mark What is Next for the Crypto Wallet in 2025?
While Pi Network is rallying and Bitcoin begins to climb again, the Best Wallet ICO continues to impress.
Its cruising towards the $11 million mark with over $10.9 million raised so far.
With BEST tokens going for $0.0243 each and just hours left before the price increases investors are rushing to get involved.
And members of the projects Telegram channel believe the ICO might even end soon.
Analyst ClayBro has been singing Best Wallets praises, saying its on track to become one of the best crypto wallets on the market.
Its easy to see why given the wallets feature set like its role as a no KYC crypto exchange that lets users maintain complete control without identity verification.
Best Wallet also supports over 60 blockchains (including Bitcoin) and boasts a user base of more than 500,000 people worldwide.
It offers cheaper trades than MetaMask, low-fee fiat-to-crypto swaps, and an Upcoming Tokens tab that identified projects like Pepe Unchained and Catslap before anyone else.
Holding the BEST token provides access to perks like governance rights and staking rewards.
There are even plans to launch a crypto debit card with up to 8% cashback.
So, while the market is back in the green, Best Wallet is making a case for itself as one of the most exciting Web3 infrastructure plays.
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