Middle East Tensions Send Bitcoin Price Below $63K

Bitcoin's price took a hit on Monday morning after dipping below $63K due to new attacks in the Middle East. This followed a relatively quiet weekend, with BTC having previously rebounded from a July 1 dip below $58,000.

The cryptocurrency market cap has shed over $20 billion in the past 24 hours and is now below $2.240 trillion on CG. Pi Network's native token, PI, continues to struggle, marking consecutive all-time lows with a nosedive to $0.086, down by over 97% since its ATH marked last year.

Other major losers include APX, dropping by over 25%, while some altcoins like BEAT have gained 20%. ETH failed at $1,800 and BNB returned to $570 after previously fluctuating around that price. XRP dipped below the crucial $1.10 support before rebounding slightly.