Pi Network Price Skyrockets Amidst Bitcoin Breakout

Pi Network's price has risen by 4.26% to $0.0884, mirroring the broader crypto market's uptrend where Bitcoin has reclaimed $85,000.

The increased buy-side pressure around Pi Network's price is due in part to its trading volumes increasing by 69% to $7.7 million, according to CoinMarketCap data.

Data from CoinGlass shows that the broader market gains have caused $830 million in liquidations within 24 hours, with short liquidations reaching $700 million.

Pi Network's recent upgrades, including the v27 protocol upgrade, are driving gains. The network has completed key upgrades such as flexible smart contract authentication and Automated Market Maker (AMM) infrastructure.