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Pi Network’s PI Extends Recovery as Bitcoin (BTC) Settles After FOMC Meeting: Market Watch

Pi Network’s PI Extends Recovery as Bitcoin (BTC) Settles After FOMC Meeting: Market Watch

The highly anticipated FOMC meeting yesterday didn’t bring any surprises despite some expectations of a rate hike, and bitcoin’s price has calmed at around $64,000 after the recent volatility.

Most larger-cap alts have posted minor losses over the past 24 hours, led by HYPE’s 3% drop to under $54. In contrast, UNI has pumped to $4. BTC Settles Bitcoin rallied hard last week, going from under $64,000 to a monthly peak of $67,000.

That resistance, though, turned out to be too strong given the current lack of substantial bullish catalysts, and the asset fell to $64,600 within a day or so, and dipped by another grand on Friday.

The bulls didn’t allow another breakdown, as BTC remained at around $64,000 during the weekend. It climbed to $64,500 on Sunday and jumped by another $1,000 on Monday as the markets priced in the de-escalation news on the Middle East war from that weekend.

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