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Pi Network Coin surged 13% to $1.68 on Thursday but remains 44% below its all-time high of $2.98. The broader crypto market rebounded, with Bitcoin hitting $84,000 and XRP rising 4%. The recovery follows a sharp sell-off earlier in the week due to macroeconomic uncertainties and concerns over Trumps tariff policies, which had pushed Bitcoin below $77,000.
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A veteran market commentator, Faber earned his moniker after repeatedly warning about the 1987 stock market crash, which eventually came to pass. Since the 1970s, he has been publishing bearish forecasts, initially for personal use, during a time when many Americans were largely unaware of foreign exchange dynamics and the dollar's valuation against gold and European currencies.
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The majority of February's redemptions were concentrated in short-duration funds, with ultra-short duration funds seeing withdrawals of 4,281.02 crore, money market funds 275.96 crore, and low-duration and overnight funds 2,263.94 crore.
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