The recent updates from Pi Network, Bitcoin’s (BTC) Revival and more: Bits Recap October 3

BTC has risen by double digits in the past week, while the PI network continues to promote its ecosystem by integrating new functions.

In recent days, pretty toughed for the PI network, while Bitcoin (BTC) pumped above $ 120,000. We will discuss these and other topics in the following rules.

Pi Network’s big updates

Earlier this week, the co-founder of the project, Dr. Chengdiao fan, a presentation during the Crypto Conference Token2049 in Singapore. The most important point of the speech was the use of PI Network of new decentralized Exchange (DEX) and Automated Market Maker (AMM) Liquidity pool functions.

With the tools (which are currently only available on TestNet), developers and pioneers can handle tokens waps directly and teaching about Defi before participating in MAINNET and interaction with real PI -Tokens. Fan explained that documentation about the entire process will be released in the coming weeks.

In addition, Pi Network announced the end of the .PI domains auction: a bidding event with which users could acquire unique names and which was initially launched in mid-June. Despite the fact that he was officially completed on September 30, the team promised to extend the window for people who participated in the initiative 24 hours after the final:

“However, if a domain receives an offer within the last 24 hours of the auction, the bidding window will automatically extend for that Domain for 24 hours. If there is still a bid in an extended window, it will be 24 hours extra, and so on.”

BTC on the run

The primary cryptocurrency started October with a bang and recently surpassed $ 121,000 for the first time since mid -August. From the moment of the press, it is traded at around $ 120,300, which represents an increase of 10% on a weekly scale.

The positive achievements are in accordance with the closure of the US government, the enthusiasm in the crypto community that believes that the current month (often referred to as “Uptober”) will be a very favorable period and the accumulation efforts of the long-term holders.

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The popular analyst on X, Ali Martinez, revealed that they bought more than 3,800 BTC in the past month. This signals conviction under that cohort of investors, that other market participants could encourage the example.

Recently, Martinez unveiled Those whales have bought more than 30,000 BTC (worth around $ 3.6 billion) in the last 48 hours. Such efforts reduce the circulating supply of the digital active and can be followed by a further price rally, assuming that demand does not decrease.

What is the next step for XRP?

The cross -border token of Ripple has mapped out a similar price increase as BTC in recent days and now acts well above $ 3. Martinez thinks it looks ready to break out of a specific triangular pattern and set $ 3.60 as the next goal.

Other analysts, including Cobb and Amonyx, were still bullisher. The first predicted that XRP could shoot to $ 6.32 before the end of 2025, while the latter suggested an explosion to the ridiculous (at least from now on) $ 20.

Despite the overall optimism, investors must remain careful and keep an eye on the relative strength index, which is close to the Bearish territory of 70. Such measurements suggest that the active overbought and is on its way to a removal of short term, while everything under 30 can be interpreted as a buying option.