{"id":51399,"date":"2026-08-03T09:15:11","date_gmt":"2026-08-03T09:15:11","guid":{"rendered":"https:\/\/cryptd.in\/pi-network-pi-rally-fades-bitcoin-btc-loses-63k-market-watch\/"},"modified":"2026-08-03T09:15:11","modified_gmt":"2026-08-03T09:15:11","slug":"pi-network-pi-rally-fades-bitcoin-btc-loses-63k-market-watch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/bg\/pi-network-pi-rally-fades-bitcoin-btc-loses-63k-market-watch\/","title":{"rendered":"Pi Network (PI) Rally Fades, Bitcoin (BTC) Loses $63K: Market Watch"},"content":{"rendered":"

The Sunday morning minor relief rally couldn\u2019t 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.<\/p>\n

The larger-cap alts have joined the ride, with ETH sliding below $1,850, and XRP heading towards a familiar support level.<\/p>\n

BTC Dips Toward $62K<\/h2>\n

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.<\/p>\n

Bitcoin\u2019s volatility intensified in the hours before and after the event, in which the Fed ultimately maintained<\/a> 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.<\/p>\n

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\u2019s canceled<\/a> attacks against Iran and the promise of a new deal to reopen the Strait of Hormuz brought a relief rally<\/a> on Sunday morning, but BTC was halted at $63,700.<\/p>\n

The leg down on Monday was also unfavorable for the bulls, driving the cryptocurrency south to $62,200 once again. Although that level has stopped the free-fall, BTC remains over 4% down weekly. Its market cap has tumbled to $1.250 trillion, while its dominance over the alts is below 56.5% on CG.<\/p>\n

\"BTCUSD<\/a>
BTCUSD August 3. Source: TradingView<\/figcaption><\/figure>\n

Alts Back in Red<\/h2>\n

Ethereum was rejected at $1,980 during the July rally, and now struggles below $1,850 after another minor daily decline. XRP fights to stay above $1.05, a support level that was categorized<\/a> as its \u2018battlefield.\u2019 If held, the token still has the chance for a major rebound, analysts asserted.<\/p>\n

SOL, DOGE, RAIN, ADA, and XMR are also in the red, while HYPE and BNB have posted insignificant gains. Pi Network\u2019s PI impressed<\/a> over the weekend, posting some notable gains of 5-6% even as the market stalled. Today, though, its progress has stalled, and the asset is down over 5% to under $0.084.<\/p>\n

MemeCore and Algorand are among the few alts in the green daily, while BEAT has plunged by 24%, followed by ONDO\u2019s 6% crash.<\/p>\n

The total crypto market cap has shed around $40 billion in a day and is down to $2.220 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview August 3. Source: QuantifyCrypto<\/figcaption><\/figure>\n

\u00a0<\/p>\n

\u041f\u0443\u0431\u043b\u0438\u043a\u0430\u0446\u0438\u044f\u0442\u0430 Pi Network (PI) Rally Fades, Bitcoin (BTC) Loses $63K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Sunday morning minor relief rally couldn\u2019t 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 […]<\/p>\n","protected":false},"author":1,"featured_media":51401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nPi Network (PI) Rally Fades, Bitcoin (BTC) Loses $63K: Market Watch - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/bg\/pi-network-pi-rally-fades-bitcoin-btc-loses-63k-market-watch\/\" \/>\n<meta property=\"og:locale\" content=\"bg_BG\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi Network (PI) Rally Fades, Bitcoin (BTC) Loses $63K: Market Watch - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The Sunday morning minor relief rally couldn\u2019t 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. 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