Crypto News Today, 13th March : Pi Network Price Surge, Hayden Davis Crypto, XRP News

A crypto whale deposited 4.08M USDC into GMX to short ETH but quickly reversed the trade to a long, locking in a $177K profit. Additionally, the whale allocated 2.3M USDC on Hyperliquid to take a long position on ETH at 25x leverage while shorting BTC at 40x leverage. These aggressive moves highlight the trader’s evolving market outlook, capitalizing on rapid shifts between ETH and BTC positions amid volatile market conditions.

Bitcoin is trading around $82,700 on Wednesday after a 5.52% recovery from a dip below its 200-day EMA at $85,664. It found support at $78,258, with the RSI rebounding from oversold conditions, hinting at further recovery toward $85K—unless it closes below $78,258, which could push it to $73K. Ethereum is testing its weekly support at $1,905; a break could drop it to $1,700, while a rebound may target $2,359, with its RSI at 32 showing weakness. Meanwhile, XRP recovered 7.4% to around $2.20, finding support at $1.96 and possibly advancing toward $2.72.

Following softer-than-expected U.S. CPI data, crypto markets rallied with BTC topping $84K. Major altcoins like ETH, XRP, and SOL gained 1%-3%, while meme coins such as DOGE, SHIB, and PEPE surged. The improved inflation outlook boosted market sentiment, reversing recent volatility. Additionally, Bitcoin’s non-empty wallet count neared an all-time high, reinforcing investor optimism for the sector’s long-term prospects.

With the long-running SEC lawsuit against Ripple nearing resolution—possibly before April 16, 2025—XRP whales are shifting investments to XRPTurbo, an AI-powered launchpad on the XRP Ledger. XRPTurbo offers smart contract automation, token and NFT minting, and blockchain solutions amid regulatory ambiguity. Its limited supply of 100 million tokens is driving growing demand. XRP investors see XRPTurbo as a key driver for XRP DeFi growth and a major opportunity to boost innovative blockchain advancements.

Pi Network’s price has surged 20%, surpassing $1.70 ahead of its sixth anniversary Pi Day on March 14. Users must transfer mined tokens from testnet to mainnet by 8:00 AM UTC on Pi Day despite ongoing KYC issues. The coin bounced from crucial $1.40 support and is eyeing the $2 resistance zone, fueled by a 54% jump in daily trading volume to $720 million. Futures open interest has also increased significantly, underscoring bullish momentum. Optimism is high amid growing adoption.