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

Bitcoin slipped below $63,000 as a global risk-asset sell-off wiped out gains tied to the U.S.-Iran peace deal. The largest token traded around $62,700, down 1.9% over 24 hours and 1.3% on the week. Ether fell 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 this week's best major performer, up 13.2%, while Tron held flat.

Chart watchers note bitcoin is sitting near the floor of its recent range and say 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, and some traders point to $45,000 as the next downside target.

The pressure came from a wider market retreat: global equities slipped in holiday-thinned trading with U.S., Chinese, Hong Kong and Taiwanese markets closed, and a gauge of Asian shares fell 0.6% after a five-day run to record highs.

United States

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