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Pi Network’s PI Surges Past $0.20 Ahead of Key March 12 Deadline: Details

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Pi Network’s PI Surges Past $0.20 Ahead of Key March 12 Deadline: Details


The March 12 deadline comes just days after the protocol was updated to the v19.9. Here’s what’s next.

Pi Network’s native token continues to defy the overall market moves, as the asset has charted gains even in the past 24 hours when bitcoin and most other altcoins have posted losses.

The most probable reason behind this disparity could be linked to the recent updates announced by the team, including a deadline for the next big one.

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PI Rockets Above $0.20

It was less than a month ago, on February 11, when Pi Network’s token was digging new lows almost daily. The broader market’s crash pushed PI south hard, but it finally bottomed on that day at $0.1312. This meant that it had lost roughly 95% of its value since its all-time high marked on February 26, 2025.

However, PI reacted well to this crash and quickly jumped past $0.20. That level was too strong for the PI bulls, and it slipped back down to $0.16. Another leg up followed that culminated earlier today as the token skyrocketed to over $0.20 once again, charting a new three-week high. As of now, it trades over 50% above its all-time low seen less than a month ago.

Its market capitalization has climbed to well over $1.9 billion, which makes it the 44th-largest cryptocurrency by that metric. However, it’s worth noting that there are some worrying signs about its future price performance that could jeopardize its rally. Some of those include the massive number of tokens scheduled to be unlocked tomorrow and the RSI, which is now within an ‘oversold’ territory.

New Deadline Approaches

PI has demonstrated in the past that it tends to move mostly in line with some big announcements or updates from the team. Just earlier this week, it jumped by 9% daily after the implementation of the v19.9 protocol update. Now, they have set their sight to the next one, which they claim is currently in progress and could be the driver of PI’s latest gains.

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At first, the team said they wanted to complete the v20.2 update by Pi Day 2026 (March 14), but they have moved up the timeline to March 12.

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Crypto World

Morgan Stanley Sets Bitcoin ETF Fee at Ultra-Low 0.14%

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Morgan Stanley Sets Bitcoin ETF Fee at Ultra-Low 0.14%

Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.

The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF (IBIT).

“Big move here. They are not messing around,” Bloomberg ETF analyst James Seyffart said, predicting that the Morgan Stanley Bitcoin Trust (MSBT) is “likely to launch in early April.”

Source: James Seyffart

Fellow Bloomberg ETF analyst Eric Balchunas said the low fee means that none of Morgan Stanley’s roughly 16,000 financial advisors — which manage $6.2 trillion in client assets — would feel conflicted in recommending the product to its clients.

Given that spot Bitcoin ETFs track the price movements of Bitcoin (BTC), Morgan Stanley’s ultra-low fee could spark a fresh fee war in the $83 billion market, putting immediate pressure on rivals to cut costs or risk losing assets.

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Regulatory approval would make Morgan Stanley the first bank to issue a spot Bitcoin ETF, expanding access to Bitcoin exposure for millions of its high-net-worth clients.

“They are the ultimate gatekeepers of rich boomer money,” Balchunas added.

Morgan Stanley previously selected Coinbase and Bank of New York Mellon as the proposed custodians for its Bitcoin ETF.

Morgan Stanley seeking suite of crypto ETFs, banking charter

Morgan Stanley, previously one of the more crypto-hesitant Wall Street firms, filed for the spot Bitcoin ETF in the first week of January, along with a Solana (SOL) ETF.

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Related: Bitcoin traders see 53% odds of sub-$66K BTC by April 24 

It then filed papers for a staked Ether (ETH) ETF later that week, and by the end of the month, the bank appointed one of Morgan Stanley’s longest-standing executives, Amy Oldenburg, to lead its digital asset team.

Source: James Seyffart

Morgan Stanley also applied for a national trust banking charter on Feb. 18, seeking to custody certain digital assets and execute purchases, sales and swaps for clients in addition to staking services.

In October, before the investment bank adopted its institutional crypto strategy, it recommended a 2% to 4% allocation to crypto portfolios for investors. It also allowed its financial advisors to recommend crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s.

Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins

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