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Pi Coin is designed as a utility cryptocurrency, focusing on real-world transactions rather than speculation like meme coins. Its growing ecosystem includes merchants applying for KYB (Know Your Business) verification, allowing them to accept Pi as payment. Future Roles of Pi Coin: 1. Peer-to-Peer Transactions – Users can trade goods and services directly using Pi. 2. Merchant Adoption – Verified businesses may accept Pi for payments, increasing its real-world use. 3. Decentralized Apps (DApps) – Developers can build applications within the Pi ecosystem. 4. Cross-Border Payments – Pi could offer a low-cost, fast alternative for international transactions. 5. Financial Inclusion – Enables banking access for unbanked populations through a mobile-friendly approach. Pi’s success depends on its transition to an open mainnet, regulatory compliance, and widespread adoption. If these factors align, Pi could become a significant player in the digital economy. $PI $BTC $ETH $LUNA

The post Why is Crypto market Down Today? $1.4B Ethereum Hack The Reason? appeared first on Coinpedia Fintech News Looking at the current market sentiment and ongoing liquidations, it appears that the crypto market is crashing today. However, this market crash comes after several positive developments in recent days. The price drop across the crypto landscape seems to be shifting overall sentiment toward the bearish side, resulting in half a billion dollars worth of crypto liquidations in the past 24 hours. $544 Million Worth Crypto Liquidation Data from an on-chain analytics firm, Coinglass reports that during the market downturn, over $544 million worth of open positions were wiped out. These substantial liquidations have potentially created fear among traders and investors, pushing the market toward a bearish trend. Reason Behind Crypto Market Down The potential reasons behind this market downturn and millions worth of crypto liquidations include a hack of the world’s largest crypto exchange, Bybit, which recently lost $1.4 billion worth of Ethereum (ETH), and ongoing economic tensions between the United States and countries like China, Canada, and others. Besides this, another major factor influencing the bearish market sentiment and downturn is the sharp decline in Bitcoin (BTC) price due to heavy selling pressure and Exchange-Traded Fund (ETF) outflows from asset managers. Expert Comments on Current Market Sentiment Observing the bearish market sentiment and continuous price decline, Tara McAulay, former co-founder of Alameda Research and CEO of Pharos, appears to be raising concerns about a further decline and has hinted that the market could experience a crash similar to 2020. With this bearish market sentiment, major assets like Bitcoin (BTC), Ethereum (ETH), and XRP have witnessed price drops of over 0.45%, 1.5%, and 3.50%, respectively, in the past 24 hours. Additionally, this bearish price action is further influencing overall market sentiment, contributing to the market downturn.

Swarms (SWARMS) Crypto: Market Insights Swarms (SWARMS) is an AI-driven token on Solana, enhancing AI agent collaboration in enterprises. Since its late 2024 launch, it has gained attention for its innovative approach. Key Features Multi-Agent Framework: Optimizes workflows in finance, insurance, and healthcare. Open-Source Development: Strong developer engagement on GitHub. Security Measures: Immutable metadata and revoked freeze authority enhance security. Market Performance & Sell-Off In early 2025, Swarms surged over 500%, peaking at $0.4934 with $244M+ in daily volume. Recent sell-offs are due to market-wide downturns and political tensions, not internal issues. Conclusion Despite short-term fluctuations, Swarms remains a promising AI-driven project. External factors, not project flaws, have influenced its recent price movements. $SWARMS

Although Bitcoin (BTC) has recovered from critical downward levels, its price is still below the $100,000 threshold. The price of Bitcoin has been in a contraction phase since the coin’s second attempt to break above $105,000 in late January. Considering Bitcoin’s latest recovery attempt, traders and investors are now watching out for the coin’s next big move. According to a Glassnode report , Bitcoin shows weakening capital inflows and declining derivatives activity. This coincides with short-term holder accumulation resembling challenging market conditions. Now trading within a relatively stable range, Bitcoin has been consolidated at around $95,000 for several weeks. At press time, the price of BTC was $97,443, demonstrating a 1.12% increase in the last 24 hours. The report from Glassnode showed a decline in capital inflows within the perpetual futures market. This sharply dropped Bitcoin’s perpetual Open Interest (OI), reflecting a shift toward more bearish sentiment. Within the last 30 days, Bitcoin’s OI plummeted by 11.1%, indicating an unwinding of leveraged positions. The key level to watch is the Short-Term Holder (STH) trend, which has a cost basis of around $92,500. In the past, the STH holdings level was a pivot point between local-scale bull and bear phases. At this point, buyers see unrealized losses, which could lead to more downside as panic sets in. According to the report, the market is where price action is prime for uncoiling. This is deduced from similarities between past STH supply changes and current trends. Thus, Bitcoin could establish a new range above all-time highs if demand remains strong. On the contrary, a lack of sustained buying pressure could lead to a deeper distribution-driven correction. Bitcoin could retest its January 30 high of $106,457 if it breaks above the upper boundary of the consolidating range of $100,000. Moreover, technical analysis suggests a bullish outlook for Bitcoin. For example, the Relative Strength Index (RSI) on the daily chart sits at 47. It approaches its neutral level of 50 and points upwards, indicating slight strength in momentum. QCP’s Wednesday reports highlighted that inflation fears remain a top global concern amid escalating tariff tensions. As the report emphasized, only a 10% tariff on select Chinese goods is currently in place. As for Mexico and Canada, the proposed 25% tariffs on goods from Canada and Mexico could be dismissed after the initial suspension if a consensus is reached. The ongoing market uncertainties have contributed to fueling a negative outlook for Bitcoin. This week’s news of FTX repayments and the memecoin LIBRA scandal also contributed to Bitcoin’s weakness. In a previous article, we discussed that FTX has started repaying creditors with an initial payout of $1.2 billion. Meanwhile, Argentina’s latest meme coin frenzy, LIBRA, also leaves thousands of investors with substantial losses, as CNF mentioned earlier. Despite these challenges, Bitcoin remains resilient around the $97,000 level, suggesting potential upsides in the future. Cardano founder Charles Hoskinson recently forecasted that BTC could hit $250,000 in the current cycle.

According to our current $PI Network price prediction, the price of Pi Network is predicted to rise by 213.88% and reach $ 2.74 by March 23, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 49 (Neutral). Pi Network recorded 0/1 (0%) green days with price volatility over the last 30 days. Based on the Pi Network forecast, it's now a bad time to buy pi network. Current Status of Pi Network Pre-Mainnet Phase: As of October 2023, Pi Network is still in its pre-mainnet phase. This means that Pi coins are not yet tradable on major cryptocurrency exchanges. The value of Pi is speculative and not yet established in the open market. Pi Network has garnered a large user base due to its mobile mining approach, which allows users to mine Pi coins without specialized hardware. However, the actual utility and adoption of Pi coins remain to be seen. The transition to the mainnet is a critical milestone. Once Pi Network launches its mainnet, Pi coins could potentially be listed on exchanges, allowing for real market valuation.Adoption and UtilityThe success of Pi will heavily depend on its adoption and real-world utility. If Pi can establish itself as a viable medium of exchange or store of value, its market potential could increase. Regulatory Environment Cryptocurrencies face varying degrees of regulatory scrutiny worldwide. Favorable regulations could boost Pi's adoption, while restrictive policies could hinder its growth. Market Sentiment The overall sentiment in the cryptocurrency market can significantly impact Pi's future. Positive sentiment and bullish trends in the broader crypto market could benefit Pi, while bearish trends could have the opposite effect. Competition Pi Network operates in a highly competitive space with numerous established cryptocurrencies like Bitcoin, Ethereum, and others. Its ability to differentiate itself and offer unique value propositions will be crucial. Potential Scenarios Optimistic ScenarioIf Pi Network successfully launches its mainnet, gains widespread adoption, and establishes real-world utility, Pi coins could see significant appreciation in value. Early adopters and miners could benefit from substantial returns. Pessimistic Scenario If Pi Network fails to deliver on its promises, faces regulatory hurdles, or struggles with adoption, Pi coins could lose value or even become obsolete. Speculative Nature High Risk Investing in or mining Pi coins is highly speculative at this stage. The lack of a established market and the uncertainty surrounding its future make it a high-risk endeavor.Volatility: Like other cryptocurrencies, Pi is likely to experience significant price volatility, especially in its early stages of market availability.