Why did the price of Pi Network rise today?

In the past few hours, the digital currency of the Pi Network has experienced a significant rise, with its price soaring to nearly $0.65, and then slightly retreating to around $0.60 — reflecting an increase of 6% for the day.
The most likely reason behind this rebound is that, with new developments in the ongoing global trade war, the global cryptocurrency market has seen a broader recovery.
美国总统唐纳德 Trump announced 对大多数新提议的关税暂停90天。 此外,对超过75个当前寻求与美国重新谈判更有利贸易条款的国家,相互关税已降至10。 然而,由于中国方面被描述为"缺少善意",对中国进口的关税已提高到125。
Meanwhile, the price of Bitcoin (BTC) surged to $83,000, then closed at around $82,000, while the price of Ethereum (ETH) broke through the $1,600 mark—indicating a wave of positive momentum in the cryptocurrency market.
Pi Price Chart
Staying away from macroeconomic impacts, some recent strategic steps have helped to enhance confidence in the Pi Network system. The project recently announced a partnership with Banxa, a global payment service company. It is worth mentioning that Banxa has purchased over 30 million PI tokens—indicating strong confidence in the future potential of the Pi Network.
According to the media platform Pi News, which is dedicated to the project, Banxa purchased approximately 1.2 million PI coins in just 48 hours, as announced on April 8.
The platform stated: "This shows the growing trust the community has in Banxa. The more it is used, the greater the demand."
The recent surge has ignited enthusiasm within the Pi community, with some members expressing optimism about further price increases in the future. A user named MOON JEFF on platform X predicted a clear V-shaped rebound pattern that could push the price above $2.50.