Pi Network Price Rebounds 4% Amid Broader Crypto Market Recovery

The Pi Network has seen its price rise by 4% on Monday, as it continues to recover from a 2% gain the previous day.

This rebound comes amidst a broader market recovery, with Bitcoin reaching an eight-month high of $85,000 and triggering $688 million in liquidations over the last 24 hours.

The Fear and Greed Index has risen to 77, indicating a firm risk-on sentiment in the crypto market, which could be ideal for high-risk tokens like Pi Network's PI to make a bullish comeback.