Bitcoin fell below $63,000 on Monday, dipping to $62,200 for the second time in just a few days, erasing the relief rally that occurred on Sunday morning after President Trump canceled attacks on Iran. The major cryptocurrencies followed the downward trend, with ethereum dropping below $1,850 and XRP heading toward its $1.05 support level. The total cryptocurrency market cap shed approximately $40 billion in a single day, falling to $2.220 trillion. Pi Network had posted notable gains of 5 to 6% over the weekend before declining by more than 5% below the $0.084 level. The Federal Reserve maintained its interest rates unchanged at its FOMC meeting despite numerous calls for a hike.
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