PI (Pi) fell 15.31% in the last 24 hours.

Gate News Bot News, August 11, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.39 USD, having fallen by 15.31% in the last 24 hours, with a high of 0.46 USD and a low of 0.34 USD. The current market capitalization is approximately 3.041 billion USD, a decrease of about 550 million USD compared to yesterday.

Pi is a mobile application that allows users to mine cryptocurrency on their phones. The project aims to provide a convenient cryptocurrency mining experience for regular users without consuming a lot of electricity. The Pi network uses innovative technology that enables users to mine without draining their phone's battery. The project's goal is to create a decentralized, secure, immutable, and interoperable digital currency ecosystem.

Important news about PI recently:

1️⃣ The impact of Federal Reserve interest rate policy expectations on the cryptocurrency market Recently, a well-known cryptocurrency investor invested $1.3 million, betting that the Federal Reserve will maintain the current interest rate level after the July 2025 FOMC meeting. This significant investment reflects the market's expectations for the direction of U.S. monetary policy over the next two years, which could have a long-term impact on the cryptocurrency market, including PI.

2️⃣ Investors' focus shifts from short-term to long-term Large amounts of capital are betting on the interest rate trend in July 2025, indicating that some market participants have extended their investment horizons further out. This shift in long-term investment strategy may affect the market sentiment and price trends of 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, showing 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, also shows the current market's uncertainty in judging the value of PI.

From a technical perspective, the PI price has recently shown a trend of fluctuating downward, breaking below the previous support level of 0.36 dollars. Considering the current uncertainty in macroeconomic expectations, the price trend of PI may continue to be influenced by external factors. Investors should closely monitor the potential impact of changes in global economic policies on the cryptocurrency market.

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