Pi Network (PI) Price Volatility, Ripple v. SEC Lawsuit Speculation, and More: Bits Recap Feb 25

TL; Dr

• PI have seen great fluctuations in the past few days, and currently traded about $ 1.52.
• It seems that the long -term lawsuit between Ripple and SEC is close to a possible settlement, as recent developments indicate a shift in the organizer’s approach.
• Ripple’s XRP decreased by 16 % over the past week, currently trading about $ 2.17. This decline is part of a shrinkage in the broader market, as Bitcoin (BTC) decreased to less than $ 90,000.

Pi’s first trading days

Pi network arrived major Teacher on February 20, release Open network. This development has made a PI symbol for the public by allowing exchanges to include them. The first to jump on the cart was OKX, Bitget and Mexc.

The currency price witnessed great fluctuations during the first trading days. On the launch day, it rose to $ 1.84 (per Coingecko data), while on February 21, PI collapsed to less than $ 0.65.

During the weekend, recover the price a lot Subordinate Loss, rise to $ 1.60 after a 65 % daily increase. PI also started a week of work on the right foot, climbing to $ 1.66 before declining to the current $ 1.52.

Prices can wander Be associated with To the increasing expectations that Binance may be the next Crypting exchange driving to enable services with PI. The company recently Community voting contract To determine if its users are He was You want to see the distinctive symbol available for trading on its basic system.

Although the results will be official on February 27, temporary figures indicate that the decision is likely He was in favor of Bay. From now onNearly 85 % of all voters click on the “Yes” option.

Ripple V. SEC

The lawsuit between Ripple and Us Securities and Exchange (SEC) is another interesting topic in the world of encryption. While the issue remains open after more than four years, some recent developments indicate a possible conclusion in the near future.

During the past few weeks, the securities organizer changed its approach to the encrypted currency industry. First, that receipt An agreement with Binance to stop temporarily they Legal procedures for a period of two months. Later, Coanbase Brian Armstrong open His company shook hands with the agency to reject their lawsuit.

The XRP army and many experts have interpreted the agreements as good news for Ripple. John Reed Stark (former SEC) Propagate The International Energy Agency may soon stop all the encryption appeals.

American lawyer Jeremy HoganOn the other side, Claim The issue against Ripple is more complicated than the rest. He assumed that the settlement was more likely than the full chapter.

SEC has separated with Coinbase after a few dates. Lawyer “Ripple and SEC live together and have a child.

XRP Price Outlook

Finally, not another, we will address the original code of Ripple, which has been entered in last week. currently, Trading at about $ 2.17, which represents a 16 % decrease for this period. Those who want to check if the collapse can intensify in the following days Take Look at our dedicated article here.

XRP dive coincides with the severe collapse of the entire cryptocurrency market. like Cryptopotato I mentionedBTC fell to less than 90,000 dollars, while the total value of the strained situations increased in the past 24 hours to one billion dollars.