Cryptocurrencies Price Prediction: Pi Network, Tokens & Cryptos – American Wrap 29 August
|Pi Network's bullish sentiment surges with ETP debut, but token unlock poses risks
Pi Network (PI) takes a breather on Friday, following a 5% rise on Thursday, to bounce back from its all-time low levels. The launch of a PI-focused Exchange Traded Product (ETP) fuels the possibility of a bullish rebound underpinned by the RSI divergence. However, 159.5 million tokens are scheduled to unlock in September, which could boost the supply pressure.
Two AI tokens to watch after Nvidia earnings, Friday crypto sell-off
The cryptocurrency market is experiencing a sudden surge in selling pressure on Friday, with Bitcoin (BTC) falling below $110,000 before making a minor recovery. Interest in crypto assets has remained shaky over the past few weeks, as investors focus on the likelihood of Federal Reserve (Fed) interest rate cuts in September.
Crypto markets today: SOL futures are more popular than ever, US inflation report looms
The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve's path on interest-rate cuts.
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