The cryptocurrency market has been experiencing significant fluctuations recently, with various currencies facing notable declines. As of April 2, 2025, the price of Pi Network (PI) is recorded at Rp11,593.98. This marks a 0.4% increase in the last hour, but overall, the price has decreased by 3.1% compared to the previous day. Over the past week, Pi Network's value has dropped by 15.0%, reflecting the volatility that is common in the crypto world.
Despite the downturn, trading activity remains robust. In the last 24 hours, the trading volume for Pi Network reached an impressive Rp2,490,349,702,086. This high trading volume indicates that many users are still interested in buying and selling this cryptocurrency, even amid price declines. Some investors see this as an opportunity to purchase, hoping that prices will rebound in the future.
However, caution is advised as many investors are also opting to wait for further developments before making investment decisions. The movement of Pi Network's price is influenced by various factors, including market sentiment, project developments, and the overall adoption within its ecosystem. Short-term price changes are often driven by market reactions to news, speculation, and investor confidence in the project.
In a broader context, the cryptocurrency market is facing a steep decline, with the top five cryptocurrencies losing a staggering USD 659 billion (approximately Rp10.9 quadrillion) since their peak in 2025. According to data from Cryptoquant, Ethereum (ETH) has experienced the most significant drop, with its market capitalization falling by 44% to USD 240 billion (around Rp3.9 quadrillion). Similarly, Solana (SOL) has seen a 43% decrease, bringing its market cap down to USD 73 billion (approximately Rp1.2 quadrillion).
Bitcoin (BTC) and Binance Coin (BNB) have shown relatively more resilience, with Bitcoin's market capitalization down 18% to USD 1.735 trillion, while BNB has dropped 15% to USD 91 billion (about Rp1.5 quadrillion). Despite these losses, both Bitcoin and BNB are experiencing the lowest declines compared to their all-time highs, with Bitcoin and BNB down about 20% from their peak.
Moreover, Ethereum has reached a position deemed undervalued relative to Bitcoin, as the ETH/BTC ratio has decreased by 72% since September 2022. Cryptoquant's report highlights that "the price of ETH has entered a very low value area relative to Bitcoin for the first time since January 2020." This trend raises questions about Ethereum's future performance and whether it can recover from its current slump.
The market's dynamics were also influenced by political events, particularly following Donald Trump's victory in the 2024 U.S. Presidential Election. XRP's market capitalization surged from USD 30 billion to USD 142 billion (around Rp2.3 quadrillion) in March 2025, as investor optimism rose. However, recent activity on the XRP Ledger (XRPL) has slowed down, with active addresses dropping to the range of 20,000 to 40,000.
As of March 31, 2025, Bitcoin was trading at USD 82,304 per coin (approximately Rp1.36 billion), reflecting a 0.18% decline over the last 24 hours and a 3.98% decrease over the week. Ethereum's price stood at Rp29.92 million per coin, down 1.14% in the last day and 9.36% over the week. Binance Coin was priced at Rp9.96 million, with a 0.36% decline in the last 24 hours and a 3% drop over the week. Cardano (ADA) also faced losses, trading at Rp10,943 per coin after a 1.83% drop in a day and 6.41% over the week.
In contrast, Solana managed a slight recovery, increasing by 0.35% in the last day, although it was still down 5.17% over the week, with a current price of Rp2.06 million per coin. XRP, on the other hand, saw a minimal increase of 0.07% but remained down 11.77% for the week, trading at Rp35,400 per coin. The meme coin Dogecoin (DOGE) continued to struggle, dropping 2.00% in the last day and 3.09% over the week, now priced at Rp2,753 per token.
Stablecoins like Tether (USDT) and USD Coin (USDC) have remained stable at USD 1.00, despite minor fluctuations around 0.1%. Overall, the total market capitalization of cryptocurrencies has fallen to USD 2.65 trillion (approximately Rp43.884 trillion), reflecting a 0.50% decline in the last day.
Investors are reminded that every investment decision carries risks, particularly in the volatile world of cryptocurrencies. As such, it is crucial to conduct thorough research and analysis before buying or selling crypto assets.
