Bitcoin falls below $63,000 as risk assets sell off and the week's bounce fades (opens original article in a new tab)

Bitcoin fell below $63,000 as global risk assets sold off, erasing gains from US-Iran peace deal optimism and pressuring major cryptocurrencies. Chart watchers warn that a break below $59,000 to $60,000 could indicate a deeper downturn, with some traders targeting $45,000. Market dynamics are shifting due to spot bitcoin ETFs and institutional demand, dampening hopes for a near-term altseason.

• Bitcoin fell below $63,000 amid a global risk-asset sell-off
• A break below $59,000 to $60,000 could signal a deeper downturn
• Spot bitcoin ETFs and institutional demand are changing market dynamics