PI (Pi) rose 5.51% in the last 24 hours.

Gate News Bot news, on August 8, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently reported at $0.36, with a rise of 5.51% in the last 24 hours, peaking at $0.41 and dropping to a low of $0.34. The current market capitalization is approximately $2.832 billion, an increase of $148 million compared to yesterday.

Pi is the first digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine on their phones without draining the battery. Pi aims to simplify cryptocurrency mining, enabling more people to participate in the cryptocurrency revolution. The project emphasizes decentralization, mobile-first, and eco-friendliness, providing a secure, tamper-proof, and counterfeit-resistant digital currency.

Important news about PI recently:

1️⃣ The impact of Federal Reserve interest rate policy expectations on the cryptocurrency market Notable cryptocurrency market investor "Spice" recently invested $1.3 million, betting that the Federal Reserve will maintain the current interest rate level after the July 2025 FOMC meeting. This large investment reflects market expectations for the direction of U.S. monetary policy over the next two years and may have a long-term impact on the cryptocurrency market, including PI.

2️⃣ Investors' focus shifts from short-term to long-term Large amounts of funds are betting on interest rate trends in July 2025, indicating that some market participants have extended their investment horizons further out. This shift in long-term investment strategy may affect market sentiment and price trends for cryptocurrencies like PI, with investors paying more attention to the long-term development prospects of projects.

3️⃣ PI price shows resilience, with a clear fluctuation range Recently, the PI price has fluctuated between $0.34 and $0.44, demonstrating a certain degree of price elasticity. This fluctuation range reflects, on one hand, the market's ongoing attention to the PI project, and on the other hand, it also shows the current market's uncertainty regarding the valuation of PI.

From a technical perspective, the PI price has recently shown a fluctuating upward trend, breaking through the previous resistance level of 0.36 USD. Considering the current uncertainty in macroeconomic expectations, the price trend of PI may continue to be influenced by external factors, and investors should closely monitor the potential impact of global economic policy changes on the cryptocurrency market.

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