Pi Network (PI) ticks higher on Friday, trading above $0.095, supported by its 50-day Exponential Moving Average (EMA) around $0.0942. Core Team rolled out a new SoloHost app update introducing app ranking and other developer features. Pi Network must reclaim the $0.10 threshold to sustain an upside move.
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday. Meanwhile, hotter-than-expected US Producer Price Index (PPI) data has strengthened expectations for a September rate hike, further capping BTC.
The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500.
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