Pi Network Loses 12% as Top Cryptocurrencies Tumble
Pi Network (Pi) dropped about 12% in 24 hours to $0.0611 during weekend trading, underperforming the broader crypto market, which was down 6.2% on November 14, 2026.
A broad market selloff, with total crypto market value falling, weighed on Pi, traders said, adding that the outlook remains bearish on expectations of a Fed rate cut, while US yields maintain an uptrend.
Total crypto market capitalisation fell 6.2% over 24 hours to about $2.16 trillion, with 24-hour trading volume at $76.6 billion; corporate selling amplified the downtrend.
Bitcoin dropped 4.89% to $65,313, while Ethereum fell 5.62% to $1,821. Sector market shares contracted across the board, with NFTs down 10.12%, DePIN down 8.91%, DeFi down 8.80%, Memes down 8.39%, and SocialFi down 8.13%.
That weak backdrop aligns with pressure on Pi, though crypto market analysts said it doesn’t fully explain Pi’s sharper drop. Pi’s 24h trading volume rose 84.5%, but no news, on-chain activity, or Pi-specific derivatives data explained the price decline or the volume increase.
If total crypto market capitalisation recovers above its current $2.16 trillion and Pi holds near $0.0611, selling pressure may ease. If the market continues lower and Pi falls below $0.0611, further weakness is possible; the data shows no confirmed support or downside target.
The outlook remains bearish unless broader market conditions improve; the quoted price is a reference point, not a proven floor.
Traders are monitoring whether total crypto market capitalisation recovers above $2.16 trillion and Pi stays near $0.0611 over the next 24–48 hours.
The market-wide decline and extreme fear provide context for Pi’s fall, but the trading data offers no confirmed coin-specific explanation for its steeper loss.
Pi Network’s first Ecosystem Summit is scheduled for 17–19 November. Coverage says the program will feature developer platform updates, app showcases, and AI topics, and will conclude with Pi Next, a hackathon with a $200,000 USDT prize pool.
The event is a development catalyst, not proof of lasting app usage. Pi Network Loses 12% as Top Cryptocurrencies Tumble Bitcoin Falls to $67K as U.S. Yields Rise, Dollar Strengthens
