PI (Pi) fell 1.52% in the last 24 hours

Gate News Bot message, on August 12, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently reported at $0.40, down 1.52% in the last 24 hours, with a high of $0.46 and a low of $0.34. The current market capitalization is approximately $3.123 billion, a decrease of $48.2585 million compared to yesterday.

Pi is a digital currency that can be mined on mobile phones. The project aims to allow ordinary people to participate in the cryptocurrency revolution without the need for expensive hardware or significant power consumption. Pi uses groundbreaking technology that allows users to mine without draining their mobile phone battery. It is a decentralized, mobile-first, user-friendly, and environmentally friendly cryptocurrency.

Important news about PI recently:

1️⃣ The impact of Federal Reserve interest rate policy expectations on the cryptocurrency market A well-known cryptocurrency investor recently invested $1.3 million, betting that the Federal Reserve will maintain the current interest rate level after the July 2025 FOMC meeting. This substantial 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 direction in July 2025, indicating that some market participants have extended their investment horizon 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 $0.46, demonstrating a certain degree of price elasticity. This fluctuation range reflects both the continued attention of the market towards the PI project and the current uncertainty in the market's valuation 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 movement 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 does not constitute investment advice; investors should be aware of market volatility risks.