Bitcoin (BTC) trades around $59,000 on Wednesday after plunging to a 21-month low of $57,800, the lowest level since mid-September 2024. Institutional selling supports this price correction, with spot Exchange Traded Funds (ETFs) recording an outflow of over $222 million on Tuesday, extending their recent streak of withdrawals. In addition, uncertainty surrounding US-Iran developments has kept investors cautious, weighing on Crypto King’s prices.
Pi Network (PI) is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend. From a technical…
