Bitcoin surges above $86k as Pi Coin edges closer to $3

ISLAMABAD: Bitcoin (BTC) was trading in the positive zone as Thursday’s trading session commenced. The world’s largest cryptocurrency maintained its upward trend after closing Wednesday at $84,144.59.

The only dip Bitcoin experienced occurred around 00:34 UTC, when the cryptocurrency briefly fell to $84,129.79, down by just $14.8 from Wednesday’s close.

However, BTC quickly resumed its recovery after 01:00 UTC, reaching $85,260.64 at approximately 01:29 UTC, marking a notable increase of $1,116.05. Following this, Bitcoin experienced some fluctuations but managed to reach a daily high of $86,602.13 at around 06:41 UTC, reflecting a rise of $2,472.34.

As of 08:45 UTC (01:45 PKT), Bitcoin was valued at $86,043.88. In Pakistani rupee, Bitcoin is currently priced at Rs24,116,095.

Turning to other cryptocurrencies, Ether (ETH) is up by 0.84 per cent or $19.64, trading at $2,353. Dogecoin (DOGE) saw a 2.21 per cent rise to $0.2077, and Binance Coin (BNB) increased by 0.78 per cent or $4.7, trading at $615.

Interestingly, Pi Coin has surpassed the $2 mark and is continuing its upward trajectory, trading in the green. It is now expected that Pi Coin’s value will soon exceed the $3 mark, having touched $2.97 yesterday.

The growing popularity of Pi Coin is evident, and some analysts predict that its value could reach $500 by or before 2025. This surge follows a sharp decline after its initial launch, when it dropped to $0.6566 on February 20. Within a week, it is now approaching the $3 mark.

At the time of writing, Pi Coin is priced at $2.66. In Pakistani rupee, its value stands at Rs742.59.