Pi Coin has dropped more than 20% as the overall cryptocurrency market has tipped into a bear market, sending shivers through the investor community. The decline happens as more and more people start to worry about the general macro environment and change their behavior, for example, leaving the digital assets that they have acquired. Recently, Bitcoin, the leading digital asset, declined by 25% from its all-time high, which started a chain reaction in the entire crypto space. Pi Coin, which has emerged as a relatively new player in the digital asset world, was not immune to the decline, as traders tended to close their positions. This is because experts agree that the current market dip is being driven by doubts concerning the US economic environment and the fear of regulatory suppression. According to the market watchers, fear of tighter financial conditions and geo-political risks were the main drivers of the sharp price decline. The sell off has erased billions of dollars in market cap, and investors are left guessing on the future of digital assets. Pi Coin’s potential in the long run has become a subject of discussion, but, for now, the market is negative, and the volatility is likely to continue. As of now, all the cryptocurrencies including Pi Coin are facing a decline, and this situation has been watched with a close eye to the regulations that may influence the cryptocurrency usage. In the meantime, the market is still shaky, and the participants are waiting for the situation to settle down before planning their next steps.
Pi Coin Crashes Over 20%
