Top 5 Crypto Shocks Today: BTC Falls, Pi Tanks, More Inside Now

Top 5 Crypto News Today: BTC Drops, Pi Coin Tanks, Mastercard Move

The crypto world was full of action today! Ukraine is considering establishing its own bitcoin reserve, the pi coin experienced a significant decline in value following a weak update, and Mastercard is collaborating with moonpay to promote stablecoin transactions.

Meanwhile, $BTC slipped below $102K, and Peter Schiff mocked Saylor again. Let’s check out the 5 biggest updates you should know!

Here Are The 5 Latest Crypto Market Update 

Ukraine Plans Bitcoin Reserve with Binance Support

Ukraine could be the first European country to build a $BTC Reserve. MP Yaroslav Zhelezniak will soon introduce bills focused exclusively on largest cryptocurrency. This step is being taken as the country is facing economic struggles from the war. 

Binance took on a role of helping, while Ukraine remains in support of crypto-friendly laws. If the reserve is passed, it could enable Ukraine to effectively manage financial issues better at difficult times like a war.

Mastercard and MoonPay Team Up to Bring Stablecoin Payments Worldwide

Mastercard and MoonPay have joined hands to make stablecoin payments easier. Now, people can use wallets to pay at over 150 million shops worldwide. 

Their new system turns stablecoins into real money instantly. Thanks to MoonPay’s Iron technology, wallets are treated like global bank accounts. This technology enables businesses to pay freelancers and workers faster- even for those workers in parts of the world with no access to banking options or pricey international money transfers.

Pi Coin Price Crashes 32% After Disappointing May 14 Update

On May 14, Pi Coin fell 32%, from $1.28 to $0.87, after a disappointing announcement. Users were hoping for a listing with Binance or even a token burn, however instead, Pi Network announced a $100M startups fund. 

No listing, no burn—just frustration. Many users sold off quickly as they feared another delay.  The price drop indicates that individuals still desire pi coins, but they are losing trust in the project's promises.  

Bitcoin Slips Below $102K: What’s Going On?

At the time of writing, Bitcoin price is around $101,995.50, showing a 1.83% drop in the last 24 hours, according to CoinMarketCap. The total market cap now stands at $2.02 trillion, slightly down by 1.90%. Meanwhile, trading volume over the past day has fallen sharply by 14.73%, reaching $43.48 billion. This drop shows investors are getting cautious after recent market movements.

Peter Schiff Mocks Saylor, Calls Bitcoin's Use “Accidental”

Peter Schiff, a big BTC critic, jokingly said BTC finally has a use.  He talked about Jim Chanos buying Bitcoin to protect his short bet on MicroStrategy. Schiff mocked Michael Saylor, who owns 570,000 BTC through his company. He said it is now used to guard against Saylor’s risky strategy. Chanos believes MSTR is too risky and uses BTC to reduce possible losses.

Conclusion

Today’s crypto news was full of ups and downs. From Ukraine planning a Bitcoin reserve to Pi Coin’s big crash and Mastercard’s stablecoin update, a lot happened. Even Bitcoin dropped, and Schiff mocked Saylor again. These five crypto updates show how fast things can change in this industry. Let’s break it all down in simple words you’ll understand.