Bitcoin fell for a fourth straight day to around $63,100, its lowest since Feb. 6’s $60,200, CoinDesk data show.
The latest move to the downside coincides with risk-off sentiment from investors across global markets. U.S. equities have lost ground this week, and the dollar index (DXY) rose by 0.5% since Asian hours on Monday.
BTC is down by 2.1% since midnight UTC and 4.7% over the past 24 hours. A break below $60,000 would trigger another round of liquidations and a possible leg down to as low as $52,500, which is a historical level of support dating back to 2021.
The altcoin market also appears battered and bruised on Tuesday. lost 11.5% of its value over the past 24 hours with a 3% drawdown since midnight UTC,…
