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Here are some of the biggest stories shaking the crypto market today:
▫️Bitcoin is hovering around the $80K–$81K range as traders react to U.S. inflation data and possible new crypto regulations in Washington. Analysts say institutional demand is still strong despite market volatility.
▫️Ethereum and XRP saw mixed price action. XRP is gaining attention after reports tied it to new U.S. “digital commodity” discussions and NYSE-related filings.
▫️Pi Network is trending heavily after new updates on its Protocol 23 upgrade, smart contract rollout, and KYC system improvements. The network reportedly crossed 18.1 million verified users globally.
▫️Pi Network also extended its Protocol 23 node upgrade deadline to May 19, while introducing AI-assisted KYC verification to reduce delays for users stuck in “Tentative KYC” status.
▫️Crypto regulation remains a major market focus this week as lawmakers continue discussing the U.S. Clarity Act, a bill aimed at defining how digital assets are regulated.
▫️Market sentiment remains cautious after recent pullbacks in major assets, though some analysts believe a broader recovery could happen if macroeconomic conditions improve.
#Bitcoin #Ethereum #pi #piNetworK