Bitcoin in free fall and slips below $63,000

Fresh selling pressure hit Bitcoin, sending it down more than 5% and below the $63,000 threshold, with an intraday low of $62,964. A technical rebound later pushed prices back toward the $63,290 area, yet the signal remains clear: the market is reducing exposure to riskier assets. According to several analysts, this is not a crypto-specific shock but rather a broader defensive repositioning. We are talking about a “tactical de-risking,” rather than a structural exit from the asset class.

Mounting geopolitical tensions are weighing heavily on sentiment. U.S. President Donald Trump said he could decide within ten days whether to launch a strike against Iran amid an ongoing standoff over a new nuclear agreement. In the meantime, Washington has reinforced its military presence across the Middle East, further fueling risk aversion in global markets.

The decline comes during an already fragile phase for Bitcoin. After climbing above $125,000 last October, the cryptocurrency entered a deep correction. It is now down 27% year to date and has lost half its value compared with its autumn peak. Bitcoin’s performance is closely correlated with global liquidity and trade policies: restrictions and uncertainty pose a threat to the digital currencies.

In a landscape shaped by macroeconomic uncertainty and political tension, the world’s leading cryptocurrency once again confirms its dual nature: high potential, but closely tied to the shifting mood - and fears - of global finance.

Andrea Pelucchi