Bitcoin dropped below $63,000 on Tuesday as technical weakness, institutional outflows, and leveraged selling combined to deepen pressure across the cryptocurrency market.

$BTC traded near $62,491 at press time, down 3% over 24 hours, while the global crypto market value fell 3.47% to $2.14 trillion. Ether lost more than 6%, and BNB declined over 4%, while Solana and HYPE each fell more than 7%.

Bitcoin’s $66K Rejection Puts $62K Support Back in Focus

The sell-off began after Bitcoin climbed toward the $65,500 to $66,100 resistance zone on Monday but failed to secure a breakout.

That rejection reversed short-term momentum and pushed the asset below a five-day ascending support trendline established after prices recovered from the…