Bitcoin price fell below $63,000 on Friday as a short-lived rebound in Asian semiconductor stocks faded, adding pressure as the cryptocurrency entered its historically weak August trading period.
Summary
- Bitcoin price dropped 3% in 24 hours, extending its weekly loss to about 2%.
- Samsung and SK Hynix surrendered momentum after surging roughly 25% on Thursday.
- Bitcoin’s median August return stands near negative 8%, placing $58,000 in focus.
- The Crypto Fear & Greed Index fell to 25, signaling “Extreme Fear.”
Bitcoin price falls below $63K as risk assets weaken
Bitcoin traded below $63,000 after losing approximately 3% over the previous 24 hours. The…
