Bitcoin Stabilizes at $64,000 as Pi Network's PI Extends Recovery

The highly anticipated FOMC meeting yesterday didn't bring any surprises despite some expectations of a rate hike. Bitcoin's price has calmed at around $64,000 after recent volatility.

Last week, BTC rallied hard, going from under $64,000 to a monthly peak of $67,000. However, the asset fell to $64,600 within a day or so and dipped by another grand on Friday. The bulls didn't allow another breakdown as BTC remained at around $64,000 during the weekend.

Pi Network's native token, PI, has doubled down in the past 24 hours. It reclaimed the $0.08 resistance (now support) after a 6% rally due to the team behind the project announcing when the next protocol update should be deployed.