Pi Network (PI) extends its recovery on Wednesday, trading above $0.098 after finding support around the 50-day Exponential Moving Average (EMA) earlier this week. The rebound comes as the Pi Core Team highlights the importance of strengthening its developer ecosystem to expand application-level utility across the network. In addition, improving momentum indicators suggest the recovery could extend further in the near term.
Bitcoin price trades at $78,811 on Wednesday, holding a bullish near-term bias as it consolidates well above its key Exponential Moving Averages (EMAs). The 50-day, 100-day and 200-day EMAs clustered between roughly $70,600 and $72,900 sit comfortably below spot and suggest the broader uptrend remains supported despite the recent loss of upside momentum.
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) has continued its weekly acquisition of the top altcoin. The firm scooped 28,086 ETH last week, extending a buying streak that began in June 2025, according to a statement on Tuesday. The latest purchase has pushed the company’s total holdings of the top altcoin to 5.929 million ETH, worth $14.78 billion at the time of writing. BitMine also maintained a staking position of 5.067 million ETH via its Made in America Validator Network (MAVAN), with annualized staking revenue at $330 million.
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