{"id":5325,"date":"2025-04-03T19:04:26","date_gmt":"2025-04-03T21:04:26","guid":{"rendered":"https:\/\/criptonizando.com\/en\/?p=5325"},"modified":"2025-04-03T19:04:27","modified_gmt":"2025-04-03T21:04:27","slug":"pi-network-pepe-and-ethena-crypto-coins-are-tanking-heres-the-untold-story-behind-the-crash","status":"publish","type":"post","link":"https:\/\/criptonizando.com\/en\/news\/pi-network-pepe-and-ethena-crypto-coins-are-tanking-heres-the-untold-story-behind-the-crash\/","title":{"rendered":"Pi Network, Pepe, and Ethena Crypto Coins Are Tanking \u2013 Here\u2019s the Untold Story Behind the Crash!"},"content":{"rendered":"\n

Bitcoin<\/a> and many crypto coins took a sharp dive on Thursday, with their market value dropping by over 5.7% to $2.6 trillion.<\/p>\n\n\n\n

Pi Network<\/a> was among the hardest hit, falling to a new low of $0.56, marking an 80% drop from its peak in February.<\/p>\n\n\n\n

Pepe, the third-largest meme coin<\/a>, saw a 17% decline, while Ethena plummeted by 18%. Other altcoins such as Hyperliquid, Berachain, Bonk, Jito, and Official Trum also saw losses exceeding 15%.<\/p>\n\n\n\n

This steep decline came as the chances of a U.S. recession soared. Polymarket now places the probability of a recession at over 70%. MetLife raised its recession odds to 40%, while Goldman Sachs and PIMCO increased theirs to 35%.<\/p>\n\n\n\n

These changes followed an announcement by Donald Trump, who imposed tariffs on all countries exporting goods to the U.S. Analysts view these tariffs as a potential game-changer for the global economy.<\/p>\n\n\n\n

Several nations have already vowed to retaliate. Canada, for example, imposed a 25% tariff on U.S.-made vehicles, risking further escalation. Trade Secretary Howard Lutnick warned that tariffs could rise even more in the future.<\/p>\n\n\n\n

The crashes in major crypto coins like Pepe, Pi Network, and Ethena echoed similar losses in U.S. stocks. The Dow Jones, Nasdaq 100, and S&P 500 dropped by 1,200, 200, and 815 points, respectively.<\/p>\n\n\n\n

A sense of panic swept through the market, with the fear and greed index falling into extreme fear at 11. Meanwhile, the crypto fear index also plunged to 24.<\/p>\n\n\n\n

However, history suggests that bull markets often begin when fear is at its peak. The CNN Fear and Greed Index last hit such a low in March 2020, right before the COVID-19 pandemic sparked a massive market rally after the Federal Reserve’s intervention.<\/p>\n\n\n\n

As a result, there is potential for Bitcoin and altcoins like Pi Network, Pepe, and Ethena to recover once the current panic-driven sell-off subsides.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and many crypto coins took a sharp dive on Thursday, with their market value dropping by over 5.7% to $2.6 trillion. Pi Network was among the hardest hit, falling to a new low of $0.56, marking an 80% drop from its peak in February. Pepe, the third-largest meme coin, saw a 17% decline, while […]<\/p>\n","protected":false},"author":14,"featured_media":5326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","kia_subtitle":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nPi Network, Pepe, and Ethena Crypto Coins Are Tanking \u2013 Here\u2019s the Untold Story Behind the Crash! - Criptonizando<\/title>\n<meta name=\"description\" content=\"Discover why crypto coins like Pi Network, Pepe, and Ethena are crashing, as U.S. recession fears and tariffs spark market panic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/criptonizando.com\/en\/news\/pi-network-pepe-and-ethena-crypto-coins-are-tanking-heres-the-untold-story-behind-the-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi Network, Pepe, and Ethena Crypto Coins Are Tanking \u2013 Here\u2019s the Untold Story Behind the Crash! 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