🚨Why Pi Coin is Falling: Check Reasons Behind the PI Coin Price Drop
Pi Coin price has been facing a significant decline in value after March 14. Its price during writing is $1.14 and, 2.53% down in 24 hours. Last week, it was at $1.54 but now stands at $1.08, a significant drop of 25.34% in the last week. With a market cap of $7.85 billion and a 24 hour trading volume of $566.28 million, investors, traders and analysts are already analyzing the reason for Why Pi coin is falling
Why Pi Coin is Falling? Possible Reasons
Several key factors have contributed to the ongoing price drop, raising concerns among its investors.
. FOMC Meeting Impact on Crypto Market
One of the primary reasons behind the Fall is the anticipation surrounding the FOMC Meeting Today. The Federal Reserve’s ongoing two-day meeting is expected to conclude with an interest rate decision on Wednesday. While the Fed is likely to keep rates unchanged at 4.50%, investors are keen on the dot plot, which will indicate possible future rate cuts