Pi Network tops $0.09 as the broader crypto market rally

Key takeaways

• Pi Network trades at $0.09 after recording three consecutive bullish daily closes earlier this week.
• Expanded US Treasury bond buybacks have improved risk appetite and pushed Bitcoin toward $70,000, but PI continues to underperform.
• The token must break above the psychological $0.1000 level and the 50% Fibonacci retracement at $0.1022 to extend its recovery.

Pi Network (PI) trades around $0.090 on Thursday, preserving its three-day recovery from earlier in the week but continuing to lag behind the broader cryptocurrency market.

Renewed risk appetite has pushed Bitcoin above $71,000 after the US Treasury expanded its longer-term securities buyback operations. 

However, PI has failed to attract enough buying pressure to produce a comparable rally.

The token must overcome the psychological $0.1000 threshold to strengthen its recovery and support a more sustained bullish move.

Treasury buybacks lift crypto sentiment

The US Treasury announced that it would at least double the maximum si...