Bitcoin Struggles Below $63K as Market Sentiment Turns Red

Bitcoin continues to struggle at the start of the week, sliding back below the $63,000 mark. After a brief relief rally on Sunday triggered by geopolitical updates, the price failed to hold its momentum and dipped to near $62,200. This drop marks a continuation of recent volatility that has kept traders on edge following the latest Federal Reserve interest rate decisions.

The broader market is mirroring this decline as altcoins trade mostly in the red. Ethereum is currently struggling to maintain levels above $1,850, while XRP is fighting to hold its support at $1.05. Assets like Solana, Dogecoin, and Cardano are also seeing downward pressure today.

Pi Network, which caught some attention with gains over the weekend, has reversed course and is down more than 5 percent. While a few smaller assets like MemeCore and Algorand remain green, the total crypto market capitalization has shed roughly $40 billion in just twenty four hours.

Investors are now keeping a close eye on the $62,200 support level for Bitcoin. If this floor breaks, the market may see further downward movement in the coming sessions. Traders should watch for any new volume or news that could help stabilize the current slide.