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Cryptocurrencies Price Prediction: PI, Bitcoin & Ethereum – European Wrap 16 September – FXStreet

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Pi Network (PI) price is currently holding above $0.3500 level at press time on Tuesday, struggling to enforce a channel breakout rally. The technical outlook indicates that the PI token is standing at a crucial crossroads as the market sentiment ahead of the US Federal Open Market Committee (FOMC) meeting, which will decide on interest rate cuts on Wednesday, remains muted. 
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Bitcoin is holding steady above 115k as the mood turns cautious ahead of the Federal Reserve interest rate decision tomorrow. Other major cryptocurrencies such as Ethereum, Solana, and XRP are also unchanged on the day. However, there are pockets of strength with Avalanche and Polkadot rising 2%. The total cryptocurrency market capitalization has risen 0.3% over the past 24 hours to $4.01 trillion. 
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The Ethereum Foundation has established a new Artificial Intelligence (AI) team, whose mission is to build the network as the preferred settlement and coordination layer for the emerging sector.
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Avalanche (AVAX) price edges lower by 1% at press time on Tuesday, extending the struggle near the $30 mark. Bitwise is preparing to launch for the AVAX Exchange Traded Fund (ETF) with the S-1 form filed with the US Securities and Exchange Commission (SEC), tilting the scales bullish.
Cardano (ADA) price hovers around $0.85 at the time of writing on Tuesday, having declined by over 7% in the last two days. This correction comes amid ADA holders realizing profits, thereby increasing selling pressure.
Pump.fun (PUMP), Aerodrome Finance (AERO), and World Liberty Financial (WLFI) are the top performers in the cryptocurrency market over the 24 hours as the market remains turbulent ahead of the US Consumer Price Index (CPI).
REX Shares is preparing to launch an exchange-traded fund (ETF) designed to track the spot price of XRP, which it claims will be the first spot XRP product available in the US.
Bitcoin steadies around $115,000 at the time of writing on Friday, having recovered nearly 4%. This recovery is further fueled by strong institutional inflows and renewed corporate accumulation this week. 
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