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Pi Network, Bitcoin & Crypto – European Wrap 23 May

Pi Network, Bitcoin & Crypto – European Wrap 23 May

Pi Network (PI) declines by nearly 4% on Friday, trading at $0.79 at press time. The technical outlook suggests a downward move ahead as the short-term recovery concludes with a trendline breakdown. Adding heat to the drop, rumors of the Pi network core team allegedly selling PI coins to fund the recently announced $100 million startup venture at Consensus 2025.

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Bitcoin (BTC) price stabilizes near $111,000 on Friday after reaching a new all-time high of $111,900 this week. BTC enters an uncharted territory as a perfect storm of corporate accumulation, institutional demand, signs of easing regulation and increasing concerns among investors about debt sustainability in the United States (US) have fueled bullish…

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