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.