Features Crypto News by Thebittimes.Com

Pi Network (PI) experienced a sudden rise in popularity and price over the last few months. The asset briefly climbed into the top 15 cryptocurrencies by market cap. PI hit an all-time high of $2.99 on Feb. 26. The coin’s price has dropped by 61.5% from its peak. The project has also slipped to the 21st position among the highest market cap list. Also Read: Dogecoin: DOGE Primed For A 200% Surge: Here’s When Pi Network Bleeds While Market Recovers Source: Fortune India The cryptocurrency market is showing signs of a recovery from last week’s dip. Bitcoin (BTC) fell to the $77,000 price level on Mar. 11. BTC has since recovered the $83,000 price point. Other assets follow BTC’s recovery trajectory. While the market is showing signs of a recovery, Pi Network (PI) is facing a substantial price correction. The coin’s price is red across the board. PI has fallen by 0.4% in the daily charts, 22.2% in the weekly charts, and 37.3% in the 14-day charts. Source: CoinGecko ...

The recent surge in Anthropic’s valuation, following a new funding round, could spell financial recovery for FTX creditors. As artificial intelligence enterprise Anthropic recently securing additional investment, potentially elevating its worth to $30 billion, FTX customers may find reason to be optimistic. This development comes to light due to FTX founder Sam Bankman-Fried’s prior investment in the AI firm. Anthropic has successfully procured additional investment, with reports indicating that Google and undisclosed parties may be involved. Google, an existing investor with approximately a 10% share in the company as of 2022, is rumored to be participating in this fresh funding round.  You might also like: FTX founder Sam Bankman-Fried’s trial day 2: Recap Implications for FTX Creditors Within the FTX creditor community, the prospect of a valuation increase for Anthropic is generating some optimism. The FTX 2.0 Coalition, representing a collection of t...