Pi Coin Price Surges 50% Amid Positive US-China Trade Talks

Over the past seven days, the price are up 113 per cent as per CoinMarketCap.

The price of Pi Coin has surged by 50% over the past seven days, with traders noting that the token is heavily implicated in the unfolding saga of US-China trade talks.

According to CoinMarketCap, the price of Pi Coin was up 33% to $1.25 around 9:20 am IST on Monday, with a 280% jump in volume at $1.32 billion.

The positive developments surrounding the trade talks between the US and China have improved market sentiment, increasing buying interest in risk assets like cryptocurrencies, stated Shivam Thakral, CEO of BuyUcoin.

"If the trade deal leads to reduced tariffs and improved global trade, increased corporate profits and overall liquidity in the financial markets could spill over into the cryptocurrency market," he added.

The positive developments surrounding the trade talks between the US and China have improved market sentiment, boosting interest in risk assets like cryptocurrencies, Shivam Thakral, CEO of BuyUcoin said.

"If the trade deal leads to reduced tariffs and improved global trade, we can expect to see further implications. For instance, we might see implications in terms of increased corporate profits and overall liquidity in the financial markets, which could spill over into the cryptocurrency market," he noted.

Meanwhile, Bitcoin also crossed the psychological $100,000 mark on the optimism of several bilateral trade deals forged by the United States including US-Uk trade deal.

Bitcoin is trading above $104,000 as the markets remain optimistic about the US-China trade deal. With the RSI holding above 70, the asset is showing strong bullish momentum at current levels.

Additionally, On-chain data reveals nearly 350,000 new BTC wallets created in a day, indicating rising retail interest and fresh liquidity, said Alankar Saxena, Co-founder and CTO of Mudrex.