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06/19 05:34

Bitcoin falls below $63,000 as risk assets sell of

Bitcoin falls below $63,000 as risk assets sell off and the week's bounce fades #HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge

Bitcoin fell below $63,000 on Friday as risk assets sold off worldwide, erasing the gains it made earlier in the week on the back of the US-Iran peace deal. The largest token traded around $62,700, down 1.9% over 24 hours and 1.3% on the week, per CoinDesk data, dropping toward the lower edge of the range it has held for nearly two weeks. The selling was broad, with ether falling 2.3% to $1,695, XRP dropped 3.2% to $1.13, solana lost 3.2% to $69 and BNB fell 2.7%. Hyperliquid's HYPE slid 3.7% on the day but remains the week's best major performer, up 13.2%. Tron was the only one to hold flat. The level matters to chart watchers. Bitcoin is sitting near the floor of its recent range, and a failure to bounce would suggest the recovery has run its course. A break below the $59,000 to $60,000 lows set earlier this month would mark a deeper phase of the sell-off, with some traders pointing to $45,000 as the next downside target.

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