Pi Network (PI) Rally Fades, Bitcoin (BTC) Loses $63K: Market Watch

M and ALGO are among the very few alts in the green today. PUMP, ONDO, and PI stand in the opposite corner. 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. Bitcoin’s volatility intensified in the hours before and after the event, in which the Fed ultimately maintained the rates unchanged, despite numerous calls for a hike. BTC jumped on Friday morning once again, reaching $65,400, where the bears stepped up a lot more viciously and drove it south hard. In the following hours, the asset lost roughly three grand and dropped to $62,400. It rebounded to $63,000 on Saturday but dipped to $62,200 later that day. US President Trump’s...