The digital currency of the Pi Network has seen a notable increase in the past few hours, with its price jumping to nearly $0.65 before slightly retreating to around $0.60 — reflecting a 6% increase throughout the day.
The most likely reason behind this rise is the broader recovery in the global cryptocurrency market, following new developments in the ongoing global trade war.
U.S. President Donald Trump has announced a 90-day suspension of most newly proposed tariffs. Additionally, reciprocal tariffs have been reduced to 10% for more than 75 countries currently seeking to renegotiate more favorable trade terms with the United States. However, tariffs on Chinese imports have risen to 125%, due to what has been described as a 'lack of good faith' from the Chinese side.
At the same time, Bitcoin (BTC) surged to $83,000 before stabilizing around $82,000, while Ethereum (ETH) surpassed the $1,600 mark — indicating a wave of positive momentum in the cryptocurrency market.
Pi Price Chart
Beyond macroeconomic effects, some recent strategic steps have helped bolster confidence in the Pi Network system. The project recently announced a partnership with Banxa, a global payment services company. Notably, Banxa purchased over 30 million PI coins — indicating strong confidence in the future potential of the Pi Network.
According to Pi News — a media platform dedicated to the project — approximately 1.2 million PI coins were purchased by Banxa within just 48 hours, as announced on April 8.
The platform stated: 'This shows the growing confidence from the community in Banxa. The more uses there are, the greater the demand.'
This recent surge has sparked excitement among the Pi community, with some members expressing optimism for further increases in the near future. A user on the X platform named MOON JEFF predicted a clear V-shaped recovery pattern that could push the price beyond $2.50.