Pi Network Price Today 5/29/2025: BITCOIN Act Submitted to Senate

Pi Network Price Today 5/29/2025

The price of Pi on OKX exchange on May 29, 2025 is fluctuating around the price range from 0.7136 USD to 0.751 USD (equivalent to 18,530 VND to 19,470 VND). Thus, at the time of writing, the price of Pi on OKX exchange decreased by 2.4% compared to yesterday, reaching 18,990 VND.

The global cryptocurrency market currently has a total capitalization of $3.43 trillion, with a 24-hour trading volume of $120.7 billion. Market sentiment remains optimistic but cautious. Investors remain positive, bolstered by continued institutional money flowing into digital assets.

Bitcoin, the most valuable cryptocurrency, has just undergone a price correction after reaching a historical high of nearly $112,000 last Thursday. Although the price has slightly decreased due to profit-taking and large transactions from “whales”, buying demand remains strong, especially at the current price range. Experts say this could be a good buying opportunity, with important technical support around $106,800, and many investors expect Bitcoin prices to continue rising in the future.

President Donald Trump Supports the BITCOIN Act

The Bitcoin 2025 conference, which kicked off yesterday, is becoming the center of attention with 30,000 attendees, 400 speakers and 5,000 businesses. The event not only discussed the future of cryptocurrencies but also brought positive signals from policy. Mr. Bo Hines, White House Digital Asset Advisor, affirmed that Bitcoin is “digital gold” and emphasized that the US government will continue to accumulate Bitcoin through the Strategic Reserve Fund, with no plans to sell.

Pi Network Price Today 5/29/2025 BITCOIN Act Submitted to Senate — Pi Network Price Today 5/29/2025: BITCOIN Act Submitted to Senate

Notably, Senator Cynthia Lummis revealed that President Donald Trump supports the BITCOIN Act, which is expected to be introduced to the Senate next week. This bill proposes that the US government buy 1 million Bitcoins over 5 years to establish a Strategic Bitcoin Reserve, marking a major step forward in recognizing cryptocurrencies at the government level.

In addition, GameStop Corp. has just announced the purchase of 4,710 Bitcoin, equivalent to $513 million, as part of its strategy to expand into the digital asset sector. This move shows the group's efforts to diversify its business, taking advantage of the growing global interest in cryptocurrencies.

Pi Network Price Trend Forecast in the Future

Pi Network’s growth is being fueled by its mobile mining model, which has helped the project attract millions of users without the need for expensive hardware. However, the pressure from a large supply, with more than 1.4 billion tokens expected to be issued in 2025, could make it difficult to maintain a stable price if demand is not strong enough. In addition, the lack of transparency in the development roadmap and warnings about legal risks from experts are making some investors nervous. On the other hand, events like PiFest 2024, with more than 27,000 sellers and 28,000 test merchants in 160 countries, show the potential for real-world applications of Pi, which could strengthen confidence and boost prices in the long term.

The current community sentiment towards Pi Network remains bullish, especially following the announcements of AI integration and decentralized identity tools at Consensus 2025. However, recent large withdrawals, with over 102 million tokens withdrawn from OKX in the past three days, indicate profit-taking pressure from early investors. If Pi Network can capitalize on the global crypto market rally, which is being supported by positive policies such as the BITCOIN Act in the US, Pi’s price could benefit from institutional money. Conversely, risks such as strict regulations or lack of liquidity on major exchanges could stifle the rally.

Pi Network has a great opportunity to assert its position in the cryptocurrency market, but it still needs to overcome challenges in transparency and liquidity. In the short term, holding the support level of $0.70 and breaking the resistance level of $0.85 will be key. In the long term, Pi's success depends on its ability to expand its ecosystem and attract the participation of large organizations. Investors should be cautious, closely follow the project's updates and market developments to make appropriate decisions.

Source: https://baoquangnam.vn/gia-pi-network-hom-nay-29-5-2025-dao-luat-bitcoin-trinh-len-thuong-vien-3155715.html