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
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 <\/a>BTCUSD August 3. Source: TradingView<\/p>\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 <\/a>Cryptocurrency Market Overview August 3. Source: QuantifyCrypto<\/p>\n \u00a0<\/p>\n The post 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":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208109","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208109"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208109"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208109\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Alts Back in Red<\/h2>\n
![<\/a>BTCUSD August 3. Source: TradingView<\/p>\nAlts Back in Red<\/h2>\nEthereum 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>\nSOL, 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>\nMemeCore and Algorand are among the few alts in the green daily, while BEAT has plunged by 24%, followed by ONDO\u2019s 6% crash.<\/p>\nThe total crypto market cap has shed around $40 billion in a day and is down to $2.220 trillion on CG.<\/p>\n<\/a>Cryptocurrency Market Overview August 3. Source: QuantifyCrypto<\/p>\n\u00a0<\/p>\nThe post 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":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208109","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208109"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208109"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208109\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/08\/BTCUSD-August-3.png\"){kind=link}
![<\/a>Cryptocurrency Market Overview August 3. Source: QuantifyCrypto<\/p>\n\u00a0<\/p>\nThe post 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":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208109","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208109"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208109"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208109\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-03-121031.png\"){kind=link}