PI (Pi) fell 4.70% in the last 24 hours.

Gate News Bot news, August 15, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.38, with a 4.70% fall in the last 24 hours, reaching a high of $0.46 and a low of $0.38. The current market capitalization is approximately $3.015 billion, a decrease of $149 million compared to yesterday.

Pi is a digital currency that can be mined on mobile phones without draining the battery. Its groundbreaking technology allows users to mine easily on their phones without consuming a lot of electricity. The Pi network is committed to building a decentralized, secure, tamper-proof, and interoperable digital currency ecosystem while remaining friendly to users and the planet.

Important news about PI recently:

1️⃣ The Federal Reserve's interest rate policy expectations impact 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 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 Investors' focus shifts from short-term to long-term.

Large amounts of capital are betting on interest rate trends 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, as investors are increasingly focused on the long-term development prospects of projects.

3️⃣ PI price shows elasticity, with a clear fluctuation range.

Recently, the PI price has fluctuated between $0.34 and $0.46, demonstrating a certain degree of price elasticity. The formation of 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 valuing PI.

From a technical perspective, the PI price has recently shown a volatile downward trend, 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. 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.