Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 7 August
|Pi Network Price Forecast: PI could bounce off a crucial level as whales buy the dip
Pi Network (PI) edges higher by 1% at press time on Thursday as the declining trend appears to have found a floor above the $0.3200 level.
While the downtrend remains firm, the largest transactions on the network over the last 24 hours reflect that large-wallet investors are acquiring PI tokens from the OKX exchange amid the core team’s announcement of its on-ramp services to help users directly buy Pi coins.
Bitcoin Price Forecast: BTC consolidates as Trump tariffs go into effect
Bitcoin (BTC) has been trading sideways below the $116,000 mark so far this week, reflecting a cautious tone among traders amid growing macroeconomic uncertainty. US President Donald Trump’s reciprocal tariffs are already in force, while new trade-related announcements could potentially inject fresh volatility into the crypto markets.
Stock market growth has boosted altcoins more than BTC
The crypto market increased its capitalisation by almost 1% over the past day to $3.76 trillion. This smooth recovery is consistent with the growing appetite in the stock markets, where the Nasdaq100 is approaching peak values, trading just over 1% below its historical highs. The growth drivers remain the leading altcoins ETH (+2.4%), XRP (+1.7%), Solana (+3.7%) and Dogecoin (+2.7%) against a modest +0.7% for BTC.
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