Bitcoin Hits $84K, Pi Coin Surges 20%, XRP Gains Amid Lawsuit News

The crypto market surges as Bitcoin recovers, Pi Coin jumps 20%, and XRP eyes $2.72 amid lawsuit developments.

By Tylt Editorial Team

Mar 13, 2025

Mar 13, 2025

Bitcoin Hits $84K, Pi Coin Surges 20%, XRP Gains Amid Lawsuit News
Bitcoin Hits $84K, Pi Coin Surges 20%, XRP Gains Amid Lawsuit News
Bitcoin Hits $84K, Pi Coin Surges 20%, XRP Gains Amid Lawsuit News

Bitcoin bounces back to $84K following a CPI-driven market rally.

XRP investors shift to XRPTurbo as the Ripple lawsuit nears resolution.

Pi Network price surges 20%, fueled by increased trading volume and adoption.

Bitcoin is experiencing a strong recovery, climbing to $84,000 after dipping below its 200-day EMA at $85,664. The cryptocurrency had found support at $78,258, and its RSI rebounded from oversold conditions, hinting at further upward movement toward $85K. However, a close below $78,258 could trigger a downside move to $73K. Ethereum is currently testing key support at $1,905, with a potential drop to $1,700 if broken. On the other hand, a bounce from this level could push ETH toward $2,359, though its RSI at 32 indicates weakness.

XRP, meanwhile, has recovered 7.4% to trade at approximately $2.20. It found strong support at $1.96 and is now eyeing a potential move toward $2.72. The ongoing SEC lawsuit against Ripple is reportedly nearing resolution, with expectations for a final decision before April 2025. In response, XRP whales have begun shifting their investments to XRPTurbo, an AI-powered launchpad on the XRP Ledger. XRPTurbo offers smart contract automation, token and NFT minting, and blockchain solutions, making it a promising player in the evolving DeFi landscape. The platform’s limited token supply of 100 million has fueled growing demand, with investors seeing it as a potential catalyst for XRP’s future growth.

The broader crypto market saw a notable upswing after the latest U.S. CPI data came in softer than expected. Bitcoin’s rise above $84K was accompanied by gains in major altcoins like Ethereum, XRP, and Solana, which climbed between 1% and 3%. Meme coins such as Dogecoin, Shiba Inu, and PEPE also saw sharp increases. Investor sentiment has improved significantly, with Bitcoin’s non-empty wallet count approaching an all-time high, reinforcing confidence in the sector’s long-term potential.

Meanwhile, Pi Network’s price has surged by 20%, surpassing $1.70 ahead of its sixth-anniversary celebration on March 14, known as Pi Day. The surge follows a sharp increase in daily trading volume, which jumped 54% to $720 million. Additionally, futures open interest in Pi Coin has grown substantially, signaling a strong bullish trend. However, Pi Network users are urged to transfer their mined tokens from the testnet to the mainnet by 8:00 AM UTC on Pi Day. Ongoing KYC issues remain a challenge, but growing adoption is fueling optimism for further gains, with the next key resistance level at $2.

The market’s recent movements indicate renewed bullish momentum across key cryptocurrencies. As regulatory developments unfold and macroeconomic factors stabilize, traders remain focused on critical price levels for Bitcoin, Ethereum, XRP, and emerging assets like Pi Network.

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