Hassan Maishera
TL;DR
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BTC is down 3% in the last 24 hours and has now dropped below $63k.
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Analysts predict further pain ahead before a bottom forms in the market.
BTC Dips Below $63k
The cryptocurrency market has continued its poor start to the week as Bitcoin and other major cryptocurrencies are currently in the red.
Bitcoin has lost 3% of its value in the last 24 hours and is now trading below the $63k level. The weakness in the market comes amid President Donald Trump's tariffs and AI jitters that have soured investor sentiment.
In an email to Cryptowisser, Tony Severino, market analyst at YouHodler, stated that,
“Bitcoin finds itself in a unique position inside this conversation. On one hand, it still trades with liquidity cycles and broader risk appetite. On the other hand, its narrative as a neutral, non-sovereign reserve asset strengthens every time debt sustainability becomes part of mainstream discussion.”
The analyst added that if the global system is slowly decentralizing — from trade to settlement to capital flows — Bitcoin fits that arc structurally. However, Bitcoin’s struggle to find acceptance as a safe haven alongside gold and silver has put a dent in overall sentiment.
Analysts are now predicting that Bitcoin’s bottom could be around the $50k psychological level. Price action reflects this lack of confidence and uncertainty, with Bitcoin remaining rangebound in the mid-$60,000 level.
Altcoins Suffer Huge Losses
Altcoins are also in the red as the market wiped out over $380 million worth of leveraged positions in the market.
Ether has dropped below $1,900 once again as it is down 2.6%, while Ripple’s XRP continues to trade below the $1.4 support level.
Severino added that altcoins are in a far more fragile position. While Bitcoin compresses, many major altcoins are sitting at technically critical levels.
On higher timeframes, price is pressing against the lower boundary of the Ichimoku Cloud — a critical structural and a possible last line of defense.
If altcoins lose this critical support level, it would represent a structural trend shift as theliquidity conditions are not yet expanding.
Ethereum and other large-cap Layer-1 assets continue to struggle with relative weakness versus Bitcoin. Meanwhile, higher-beta altcoins are showing signs of exhaustion rather than accumulation.
“Either Bitcoin resolves higher and drags the complex with it — restoring risk appetite — or altcoins confirm a broader structural deterioration that suggests crypto has not yet completed its macro reset,” Severino concluded.
