Crypto Markets Roar Back: Bitcoin Eyes New Highs While Pi Network Buzz Grows – May 10 Analysis

Bitcoin shrugs off regulatory FUD as institutional inflows hit $1B this week – because nothing says ’store of value’ like a 10% daily swing.

Pi Network’s ’mainnet launch’ rumors spark 300% speculative trading volume (pro tip: still no working blockchain).

Altcoins mimic BTC’s rally while traditional finance pundits scramble to explain how ’this time is different’ from 2021.

Pi Network (PI) price extends gains while trading at $0.75 at the time of writing on Friday posting a second consecutive day of double-digit increases. The tailwind on Pi can be attributed to a broad-based bullish momentum as risk-on sentiment surged following a limited bilateral trade agreement between the United States (US) and the United Kingdom. Still, apart from the broader positive market mood, the Pi team hinted at a big announcement on May 14, stirring up excitement and speculation among users.

Bitcoin (BTC) price is stabilizing around $103,000 at the time of writing on Friday after rallying nearly 10% this week. The sharp price increase was supported by improved market sentiment as US President Donald Trump announced a trade deal with the United Kingdom (UK), partly easing the tariff-related uncertainty that has weighed on crypto since Trump’s inauguration.