The cryptocurrency scene is witnessing dynamic changes linked with the launch of the Pi Network and significant movements in Cardano (ADA) and Bitcoin (BTC) prices.
What’s New Around Pi Network?
The Pi Network cryptocurrency project reached a significant milestone on February 20 with its Open Network launch. This enabled exchanges to list the PI token, making it publicly accessible. However, many users still haven't completed their Know-Your-Customer (KYC) procedures and mainnet migrations. The deadline has been extended to March 14, garnering mixed reactions from the community.
ADA’s Price Swings
The cryptocurrency market has experienced significant volatility, with ADA's price reaching $1.14 following the announcement of a strategic crypto reserve including ADA. However, the price dropped to $0.81 following market crashes and new trade tariffs.
BTC Struggles, too
Bitcoin also saw a 9% decline, falling to $83,500 from a recent high of nearly $95,000. Some experts see this as the end of the bull run, while others remain optimistic, predicting a rise to $120,000 as long as it stays above the $75,700 support level.
The cryptocurrency world continues to be influenced by external factors and internal changes, leading to significant price fluctuations and varied reactions from users and analysts.
