https://www.cnbc.com/2026/02/24/bitcoin-extends-decline-falling-below-64000-btc-trump-tariffs-ai-crypto.html
Bitcoin has slipped below the $63,000 mark amid a global sell-off in risk assets. This decline follows a temporary recovery earlier in the week, confirming Bitcoin’s ongoing volatility and its status as a high-beta risk asset. The current price movement aligns with broader market trends, where cryptocurrencies and equities have been reacting similarly to global macroeconomic pressures.
Prediction markets reflect this sentiment, with the probability of Bitcoin reaching higher price points by June 20 dropping significantly. For instance, the likelihood of Bitcoin above $66,000 on June 20 has decreased to just 1.3% from 16% the previous day. This suggests that market participants are wary of further downside potential in the near term.
Bitcoin’s recent performance highlights its sensitivity to macroeconomic factors, similar to that of traditional equities. The market continues to assess the impact of global economic conditions on Bitcoin’s price trajectory, with many participants appearing to adopt a cautious stance.
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