Pi Network Plummets 13% Following Israel-Iran Conflict

The cryptocurrency market experienced a significant downturn today following the escalation of tensions between Israel and Iran. This conflict sparked widespread sell-offs across the board, with Bitcoin shedding 3.5% to $104,209. Major altcoins saw declines ranging from 6% to 9%. Pi Coin notably slumped around 13% over the past 24 hours, trading at $0.5506. Analyst Dr. Altcoin highlighted the direct impact of the strike on Pi and the broader market, warning of potential further price drops if Iran retaliates. Over the past week, Pi’s value has decreased by 11%, with a significant 56% decline in its value over the month.