PI (Pi) fell by 1.38% in the last 24 hours.

Gate News Bot message, August 5th, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently reported at $0.36, down 1.38% in the last 24 hours, reaching a high of $0.43 and a low of $0.34. The current market capitalization is approximately $2.766 billion, a decrease of $38.69 million compared to yesterday.

Pi is a cryptocurrency that can be mined on mobile phones. Its breakthrough technology allows users to mine Pi on their phones without draining the battery. The Pi Network aims to create a decentralized, secure, immutable, and interoperable digital currency system while maintaining user-friendliness and environmental friendliness. Pi's mobile-first strategy makes it easy to use and keeps it secure at scale without requiring large amounts of power consumption.

Important news about PI recently:

1️⃣ Large investors bet on the Federal Reserve's interest rate policy

Renowned 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 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 Macroeconomic expectations affect the cryptocurrency market

Some large investors are cautious about the future economic outlook, expecting that the Federal Reserve may maintain the current interest rate levels for a long time. This long-term macroeconomic expectation has become one of the potential factors leading to recent price fluctuations in cryptocurrencies such as PI.

3️⃣ 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 horizons to a longer term. This shift in long-term investment strategy may affect the market sentiment and price trends of cryptocurrencies such as PI, with investors paying more attention to the long-term development prospects of projects.

From a technical perspective, the PI price fluctuates between $0.34 and $0.44, showing a certain degree of price elasticity. Given the uncertainty of current macroeconomic expectations, the price trend of PI may continue to be influenced by external factors.

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