Crypto Prices Bounce Back as Pi Network Rebounds with Improved Momentum

Pi Network's price has rebounded after finding support around its 50-day Exponential Moving Average (EMA) earlier this week, trading above $0.098 on Wednesday.

The recovery comes as the Pi Core Team emphasizes the importance of strengthening its developer ecosystem to expand application-level utility across the network.

In related news, Bitcoin price has been consolidating well above its key Exponential Moving Averages (EMAs), holding a bullish near-term bias at $78,811 on Wednesday.

Ethereum's treasury firm BitMine Immersion Technologies (BMNR) has continued to acquire the top altcoin, scooping up 28,086 ETH last week and pushing its total holdings of ETH to 5.929 million, worth $14.78 billion at the time of writing.