{"id":5080,"date":"2026-08-03T20:24:19","date_gmt":"2026-08-03T20:24:19","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=5080"},"modified":"2026-08-03T20:24:19","modified_gmt":"2026-08-03T20:24:19","slug":"bitcoin-falls-below-63k-as-pi-network-gives-up-weekend-gains","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/08\/03\/bitcoin-falls-below-63k-as-pi-network-gives-up-weekend-gains\/","title":{"rendered":"Bitcoin Falls Below $63K as Pi Network Gives Up Weekend Gains"},"content":{"rendered":"\n
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The cryptocurrency market started the week on a weaker note, with Bitcoin slipping back below $63,000 and most major altcoins extending their losses. Pi Network surrendered its recent gains, while only a handful of tokens, including MemeCore and Algorand, managed to trade in positive territory.<\/p>\n\n\n\n

Bitcoin Slides Back Toward $62K<\/strong><\/p>\n\n\n\n

Bitcoin began last week with strong momentum, successfully defending the $64,000 support level and climbing to around $65,600 on two separate occasions. However, both rallies were rejected, with the second decline pushing the cryptocurrency below $62,800 just ahead of the Federal Reserve\u2019s policy meeting.<\/p>\n\n\n\n

Price volatility increased around the Fed announcement, which ended with interest rates remaining unchanged despite expectations from some market participants for a rate increase. Bitcoin briefly recovered on Friday, reaching approximately $65,400 before heavy selling pressure triggered another sharp decline.<\/p>\n\n\n\n

The leading cryptocurrency then dropped by nearly $3,000 to around $62,400. It recovered to $63,000 on Saturday before falling back to $62,200 later that day.<\/p>\n\n\n\n

Optimism returned briefly on Sunday after US President Donald Trump canceled planned military action against Iran and spoke about a possible agreement to reopen the Strait of Hormuz. That news helped lift Bitcoin to about $63,700, but the rally quickly lost momentum.<\/p>\n\n\n\n

Selling pressure resumed on Monday, sending Bitcoin back to roughly $62,200. While that level has once again provided support, the asset remains more than 4% lower over the past week. Its market capitalization has fallen to around $1.25 trillion, while its market dominance has slipped below 56.5%.<\/p>\n\n\n\n

Altcoins Continue to Struggle<\/strong><\/p>\n\n\n\n

Ethereum failed to break above $1,980 during July\u2019s rally and has now fallen below $1,850 following another daily decline.<\/p>\n\n\n\n

XRP is hovering just above the $1.05 support level, an area that analysts continue to view as a critical battleground. Holding that level could keep the door open for a stronger recovery.<\/p>\n\n\n\n

Other major cryptocurrencies, including Solana, Dogecoin, Cardano, Chainlink, and Monero, also posted losses. Hyperliquid and BounceBit recorded only modest gains.<\/p>\n\n\n\n

Pi Network was among the strongest performers over the weekend, rising about 5% to 6% even as the broader market remained subdued. However, those gains quickly disappeared on Monday, with PI falling more than 5% to trade below $0.084.<\/p>\n\n\n\n

MemeCore and Algorand were among the few cryptocurrencies posting daily gains, while BEAT recorded one of the largest losses, plunging 24%. ONDO also came under pressure, dropping around 6%.<\/p>\n\n\n\n

The overall cryptocurrency market lost roughly $40 billion in value over the past 24 hours, bringing the total market capitalization down to approximately $2.22 trillion.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market started the week on a weaker note, with Bitcoin slipping back below $63,000 and most major altcoins extending their losses. Pi Network surrendered...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5080","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=5080"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5080\/revisions"}],"predecessor-version":[{"id":5082,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5080\/revisions\/5082"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=5080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=5080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=5080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}