Key Takeaways: After a brief dip to $85,000 following Trump’s executive order for the establishment of a Bitcoin Reserve, Bitcoin (BTC) recovered to levels above $88,000. Market predictions hint at a surge to $150,000 if the price crosses the $97,000 threshold. Pi Network’s token (PI) is also expected to experience a significant rise, with some speculating values of $5, $40 or even higher. Meanwhile, Ripple’s native token (XRP) has seen a 25% increase in a week, reaching $2.50, with ambitious forecasts predicting a rally to $27-$222.
Bitcoin’s Roller Coaster Week: The leading cryptocurrency has experienced significant volatility over the past week, with price fluctuations between $78,000 and $95,000. After stabilizing above $90,000 on March 6, Bitcoin fell to around $85,000 when President Trump signed an executive order establishing a strategic Bitcoin Reserve. This dip was anticipated by analysts who warned of a potential “sell the news” situation. However, Bitcoin managed to regain some of its losses and is currently trading around $88,200, according to CoinGecko’s data.
Despite the volatility, many industry players remain bullish about Bitcoin’s future. Notably, industry expert Ali Martinez predicts a target of $150,000 if BTC surpasses the $97,000 mark.
PI’s Promising Future: Pi Network’s native token has recently attracted bullish predictions. Investor Coinvo suggests that the token is bouncing perfectly off the control point, which stands at $1.58. As PI currently trades around $1.78, a rise to $5 or even $40 is predicted by some market observers.
Following its launch two weeks ago, PI has received support from top exchanges including OKX, Bitget, and MEXC. A community vote on Binance showed 86% support for listing the token, though the exchange has yet to provide an update.
Rising XRP Prices: Ripple’s native token XRP is among the top-performing cryptocurrencies this week, with a nearly 25% increase. Currently trading around $2.50, some industry participants believe the uptrend could surge to unprecedented levels. However, such high prices would require XRP’s market capitalization to hit multi-trillion levels, making these predictions seem far-fetched at the present moment.
