Cryptocurrencies Price Prediction: Bitcoin, Pi Network & Cryptos – American Wrap 31 October
|Bitcoin climbs back up $115,000, marks whale accumulation resumes and trade tensions easing
The latest Bitcoin recovery has reignited institutional demand amid a stabilizing macro backdrop, supported by accelerating whale accumulation and renewed trade optimism. The rebound above $115,000 marks the beginning of a potential new price discovery phase following one of the most aggressive deleveraging periods in recent crypto history.
Bitcoin whitepaper 17th anniversary: From cypherpunk vision to global financial asset
The Bitcoin (BTC) whitepaper, published by the pseudonymous Satoshi Nakamoto, marks its 17th anniversary on Friday. A decentralized peer-to-peer electronic cash system that has evolved into an institutional-grade asset class has reached a value of over $2 trillion and has been embraced by institutions, corporations, and sovereign entities. The largest cryptocurrency by market capitalization rose to $126,000 in its 17th year, underscoring its transformation into a mainstream financial asset.
Pi Network Price Forecast: Whale demand fails to absorb incoming supply
Pi Network (PI) price is down 2.5% at press time on Friday, extending the 3% loss from the previous day. The recovery from earlier this week failed to surpass the 50-day Exponential Moving Average (EMA) despite a rise in Centralized Exchanges (CEXs) outflows.
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