Pi Network’s native token PI dropped 14% on September 16, making it the weakest performer among the 100 largest cryptocurrencies after the U.S. Senate failed to advance the CLARITY Act for lack of the required 60 votes. Bitcoin fell to $75,000 and Ethereum dropped below $2,400 after a 3% daily decline. PI traded near $0.083, its lowest level since early August, while its market capitalization fell below $1 billion to about $940 million, ranking it 76th by market value. The decline came as BSCN said Pi’s Core Team had begun protocol upgrade v27 on Testnet2, with a Mainnet transition planned by the end of the week, although Pi Network’s official X account had not confirmed it. Analysts cited a double-bottom pattern, support between $0.075 and $0.085, and an RSI reading of 23 as possible signs of a recovery. A move above $0.10 could open a path toward $0.14, according to Crypto With Gopal.