Bitcoin Breaks Below $63K as Market Panic Intensifies

Bitcoin breaks below $63 on Sunday, November 15, even briefly falling toward $62,000 as selling pressure spread across the cryptocurrency market. Although BTC recovered above $65,000 after reaching its lowest level since July, the rebound did little to ease concerns about deteriorating market sentiment and weakening institutional demand. Bitcoin (BTC) dropped to approximately $62,080.91, according to CoinGecko data, marking its weakest price in four months. Despite recovering some losses, the cryptocurrency remained down nearly 15% over the previous seven days. The downturn also affected other major digital assets. Ethereum (ETH) declined 19.5% over the week, while Solana (SOL) recorded a 20.7% loss. The total cryptocurrency market capitalization fell approximately 4% over 24 hours to $2.26 trillion, reflecting the scale of the broader correction.

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