Pi Network (PI) Rally Fades, Bitcoin (BTC) Loses $63K: Market Watch
The Sunday morning minor relief rally couldn’t continue for long, and bitcoin dived below $63,000 again on Monday and even dipped to $62,200 for the second time in just a few days.
The larger-cap alts have joined the ride, with ETH sliding below $1,850, and XRP heading towards a familiar support level.
BTC Dips Toward $62K The previous business week began on a significantly more positive note, with BTC defending the $64,000 support and jumping to $65,600 on a couple of occasions.
However, the second rejection was quite painful, pushing the cryptocurrency to under $62,800 just a day before the FOMC meeting.
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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.
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