PI (Pi) fell 2.30% in the last 24 hours.

Gate News Bot news, on August 4th, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.36, a fall of 2.30% in the last 24 hours, with a high of $0.44 and a low of $0.34. The current market capitalization is approximately $2.759 billion, a decrease of $64.862 million compared to yesterday.

Pi is a digital currency that can be mined on mobile phones, achieving mobile mining through breakthrough technology without draining the battery. The Pi network aims to create a decentralized, secure, immutable, and interoperable digital currency, characterized by mobile-first, user-friendly, and environmentally friendly features. The project offers a free mobile application, allowing users to start mining simply with an invitation code.

Recent important news about PI:

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 and may have a long-term impact on the cryptocurrency market, including PI.

2️⃣ Macroeconomic expectations impact the cryptocurrency market The investment behavior of "Spice" shows that some large investors are cautious about the future economic outlook, expecting the Federal Reserve to maintain the current interest rate levels for an extended period. This long-term macroeconomic expectation may be one of the potential factors leading to recent price fluctuations in cryptocurrencies like PI.

3️⃣ Investors' focus shifts from short-term to long-term Large capital bets on the interest rate direction in July 2025 indicate 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 such as PI, with investors potentially 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. Considering the uncertainty of the current macroeconomic expectations, the price trend of PI may continue to be influenced by external factors.

This message does not constitute investment advice; investors should be aware of market volatility risks.