The price of Pi continues to rise as Bitcoin maintains the mark of 83,000 dollars.

After a series of continuous declines, the price of PI Network (Pi) began to show signs of recovery from April 5, consecutively forming two green candles on the daily chart up to now.

While Bitcoin dipped slightly yesterday, pushing the price down to $82,400, the king of coins managed to recover most of its losses and is now trading above $83,000 once again. Altcoins have also been quite sluggish in the daily range, except for PI which has maintained its recovery momentum.

PI recovers strongly

After a recent price drop, PI has finally started to recover on Friday night and has continued to maintain that since then. After hitting an all-time low (ATL) two days ago, the asset has recovered over 50% of its value and is currently at around $0.65. The total market capitalization of Pi is now $4.46 billion, up 8% in 24 hours, with a volume of $1.17 billion, an increase of up to 46% during the same period.

PI 4-hour price chart | Source: TradingviewIn contrast, most other altcoins have seen a slight decline today. AVAX has dropped the most (by over 5%), followed by CRO, HBAR, LTC, XLM, DOGE, TON, ADA. ETH, XRP, BNB, SOL, LEO, and LINK have also decreased in price, but to a lesser degree.

The total crypto market capitalization has lost about 20 billion dollars in a day and is currently at 2.6 billion dollars according to CoinGecko.

Bitcoin stabilizes at 83**.000 dollars**

Bitcoin has experienced a week of volatile trading, starting with a price drop to $81,600 on Monday. However, the price quickly recovered and began to rise sharply on Wednesday. At that time, rumors that Elon Musk might leave President Donald Trump’s working group helped Bitcoin’s price soar to $88,500 for the first time in about a week.

However, by the end of that day, President Trump announced new tariffs on many countries, leading to an immediate and significant impact on Bitcoin prices. Within about an hour, this cryptocurrency plummeted to $82,400 and continued to drop to $81,200 on Thursday.

Another volatile trading session occurred on Friday as China responded by imposing separate tariffs, causing BTC to drop from $84,800 to $81,600 in just a few minutes.

Bitcoin has recovered slightly over the weekend and remains stable at over $83,000, despite a slight adjustment yesterday. As of now, the market capitalization of Bitcoin is $1.64 billion, while its dominance rate is 61.2%.

BTC 4-hour price chart | Source: TradingViewYou can view the coin price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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Dinh Dinh

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