Bitcoin, Pi Network & Cryptos – American Wrap 09 May
Bitcoin continues to trend higher and hit the highest in almost 3 ½ months on Friday, in extension of Thursday’s 6.7% rally (the biggest daily gain since March 2).
Pi Network (PI) price extends gains while trading at $0.75 at the time of writing on Friday posting a second consecutive day of double-digit increases. The tailwind on PI can be attributed to a broad-based bullish momentum as risk-on sentiment surged following a limited bilateral trade agreement between the United States (US) and the United Kingdom. Still, apart from the broader positive market mood, the Pi team hinted at a big announcement on May 14, stirring up excitement and speculation among users.
Bitcoin (BTC) price is stabilizing around $103,000 at the time of writing on Friday after rallying nearly 10% this week. The sharp price increase was supported by improved market sentiment as US President Donald Trump announced a trade deal with the United Kingdom (UK), partly easing the tariff-related uncertainty that has weighed on crypto since Trump’s inauguration.
