Why is the price of Pi Network rising today?

The native cryptocurrency of Pi Network has witnessed a significant resurgence a few hours ago, with the price skyrocketing to nearly $0.65. However, afterwards, the price has fallen to the current level of $0.60, still showing a 6% increase per day. The most likely reason driving this price increase is the overall recovery of the Electronic Money market following the latest updates on the global trade war. Remember that U.S. President Donald Trump implemented a 90-day suspension of most new tariffs. The reciprocal tariff has fallen to 10% for over 75 countries that have recently tried to negotiate better terms with the United States. However, the tariff on imports from China has sharply increased to 125% due to "the lack of respect" from this Asian nation. After that, Bitcoin (BTC) surged to a level of $83,000 before stabilizing at around $82,000, while Ethereum (ETH) exceeded $1,600. The recently signed strategic agreements may also play a positive role in the price performance of PI. Not long ago, Pi Network partnered with the global payment service provider Banxa. This provider is said to have acquired over 30 million PI tokens, highlighting their potential confidence in the ecosystem of the project. On April 8, Pi News (, a media platform related to the Electronic Money project ), announced that 1.2 million PI have been purchased from Banxa within 48 hours. "This shows the community's trust in Banxa. The more utilities there are, the higher the demand," the entity added. The sharp increase in the price of PI in recent hours has sparked excitement in the community, with some members even envisioning that the price will rise further in the near future. User X MOON JEFF ( also mentioned this issue) believes that a recovery is possible and envisions the formation of a V-shaped curve that could lead to a price increase above 2.50 dollars.