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Cryptocurrencies Price Prediction: PI, Bitcoin & Ripple – European Wrap 12 August
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FXStreet Forex & Commodities News
Pi Network (PI) is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day.
The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.
Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI.
Glassnode co-founder Rafael Schultze-Kraft noted that fees had made up less than 1% of miner revenue for almost a year.
Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential.