Bitcoin fell sharply on Tuesday, tracking a broad-based selloff in US technology stocks as investors recalibrated expectations for Federal Reserve policy.
The digital asset’s decline reflects growing market anxiety that higher-for-longer interest rates in the United States will continue to pressure risk appetite across global markets.
9% drop to $63,349 on Monday, when Bitcoin broke below the $64,000 support level.
The cryptocurrency has retreated to its lowest level in two weeks, briefly dipping below the $60,000 threshold.
This move follows a 0.9% drop to $63,349 on Monday, when Bitcoin broke below the $64,000 support level.
The sustained selling pressure underscores a shift in sentiment, with traders moving away from high-beta assets amid uncertainty over the macroeconomic outlook.
Geopolitical friction between Iran and the United States has further exacerbated the retreat from risk assets.