Author: Olu Anisere

Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

Pi Network Price Rises 4% as Capital Flows into Altcoins

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Pi Network Price Rises 4% as Capital Flows into Altcoins Pi Network price climbed by about 4% in 24 hours to $0.0802 on Wednesday, slightly outperforming a broader market rally as investors shifted attention into altcoins. Beta drove the move, as capital flowed into crypto amid strong correlations with traditional markets. The entire crypto market cap rose 2.35%, with Bitcoin gaining 2.26%. Pi’s positive price movement closely tracks this beta move. The rally is macro-driven, with a 24h correlation of 0.95 between the total crypto market cap and the S&P 500 ETF (SPY), indicating a shared, rates-sensitive move. The provided…

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