![\"Physical](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/02\/invezz:98b064c1b094b-d6b28b68ef5b729ed652ab852dff153c-resized.webp.webp\")
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Bitcoin fell below the $63,000 level during Asian trading hours, extending overnight weakness as tariff policy changes and artificial intelligence concerns dampened investor sentiment.<\/p>\n
The world\u2019s largest cryptocurrency by market value was trading at about $63,485 at the time of writing and is now down 7.2% for the week. <\/p>\n
Prices are hovering near levels last seen on Feb. 6, when the token nearly dropped to $60,000.<\/p>\n
Market participants linked the move to broader risk-off behavior across financial assets. <\/p>\n
US stocks declined after President Donald Trump said he would impose temporary 15% tariffs on imports, raising the rate from the 10% announced earlier following a Supreme Court decision that struck down his previous tariff strategy. <\/p>\n
Investors have also been selling shares of companies viewed as vulnerable to artificial intelligence disruption.<\/p>\n
Matt Howells-Barby, vice president at Kraken, Pro Trader, and host of Trading Spaces, said in a CoinDesk report: \u201cSimilar to equities, Bitcoin has had a sharp pullback today, driven largely by renewed tariff-related uncertainty, similar to the events of April 2025. Furthermore, ratcheting geopolitical tensions could likely prove bearish for BTC in the short-term.\u201d<\/p>\n
He added that the $60,000 level is a key support that traders are watching. \u201cIf that level fails to hold, we could potentially see a move into the mid-to-low $50K range,\u201d he noted.<\/p>\n
Technical signals point to possible further downside<\/p>\n
Historical trading patterns suggest the cryptocurrency may not have reached a market bottom yet. <\/p>\n
Bitcoin has rarely bottomed until the 50-week average price crosses below the 100-week average price, a formation commonly referred to as a \u201cbear cross.\u201d<\/p>\n
This signal marked the end of major bear markets in both 2022 and 2018. <\/p>\n
Currently, the 50-week average price remains well above the 100-week average, indicating the bearish crossover has not yet occurred.<\/p>\n
Analysts speaking at Consensus Hong Kong told CoinDesk that, if historical trends hold, prices could slide further toward $50,000 or lower before a capitulation phase occurs. <\/p>\n
The crossover is considered a lagging indicator, confirming declines already in place rather than predicting future price movements.<\/p>\n
Liquidations mount as broader crypto market weakens<\/p>\n
The downturn triggered heavy liquidations across the derivatives market. <\/p>\n
According to CoinGlass data, total liquidations over the past 24 hours totaled $368.96 million, with $274.47 million in long positions and $94.49 million in short positions.<\/p>\n
Weakness spread across the broader cryptocurrency market, which fell 1.6% over the same period, bringing its total market capitalization to $2.2 trillion.<\/p>\n
Major tokens followed Bitcoin lower. <\/p>\n
Ethereum dropped 1.5% to $1,834 after analysts warned it could face a deeper correction if prices remain below $2,000. <\/p>\n
Solana declined 0.7% to around $77.13, while XRP slipped 0.28% to $1.33.<\/p>\n
Sentiment indicators reflected rising caution among traders. <\/p>\n
Retail sentiment toward Ethereum moved into \u201cextremely bearish\u201d territory over the past day, while sentiment for Solana and XRP remained in the \u201cbearish\u201d zone.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin fell below the $63,000 level during Asian trading hours, extending overnight weakness as tariff policy changes and…\n","protected":false},"author":2,"featured_media":82783,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,85,46,125],"class_list":["post-307462","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-il","tag-israel","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/307462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=307462"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/307462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/82783"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=307462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=307462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=307462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}