Pi Network Price Rises Amid Weak Institutional Demand for Bitcoin
Pi Network's price has ticked higher on Friday, trading above $0.095, supported by its 50-day Exponential Moving Average (EMA) around $0.0942.
The Core Team rolled out a new SoloHost app update introducing app ranking and other developer features.
Pi Network must reclaim the $0.10 threshold to sustain an upside move.
Meanwhile, Bitcoin has been under pressure this week, down over 4% trading around $76,900 at the time of writing on Friday.
The institutional demand for BTC is showing signs of weakness as spot Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak with nearly $500 million in net outflows through Thursday.