The cryptocurrency market has faced a correction today. The global crypto market has dipped 3.1% in the last 24 hours to $3.44 trillion. Bitcoin (BTC) tested the $105,000 level earlier this week. The original crypto has fallen to $102,000 today. Pi Coin (Pi Network/PI) also follows the current market trend. PI’s price has fallen 28.8% in the last 24 hours. Despite the dip, the asset is up 91% in the weekly charts, 91.5% in the 14-day charts, and 50% over the previous month.
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Cryptocurrency Market Slumps Amid Liquidations
The cryptocurrency market has seen $609.74 million worth of liquidations in the last 24 hours. Bitcoin (BTC) was set to face $1.45 billion in long liquidations if the asset fell to $102,700. Pi Coin’s recent dip is likely due to BTC’s dip to the $102,000 levels.
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The market may see an upswing over the coming weeks. The SEC’s roundtable meeting may boost investor sentiment in the coming weeks. The Federal Reserve may cut interest rates after its next meeting. A rate cut could lead to a rise in risky investments. PI and other crypto assets could see a surge in inflows if the Fed cuts interest rates.
Should You Buy Pi Coin In The Current Market Dip?
PI has seen an incredible rise in price and popularity in 2025. The asset hit an all-time high of $2.99 in February while the larger market was facing a correction.
According to CoinCodex, PI may rally over the coming weeks. The platform anticipates the asset to trade at $5.46 on June 20 of this year. PI’s price will rally by 391.89% if it hits the $5.46 target.
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There is also a possibility that PI will continue to face a correction. The asset’s price moves with a lot of speculation. The possibility of a correction should not be ignored.
