Bitcoin falls below $63,000 as risk assets sell off and the week's bounce fades
Hex37's read
- Bitcoin dropped below $63,000 amid a broader sell-off in risk assets.
- Cryptocurrencies declined across the board on Friday, erasing weekly gains.
- Oil prices fell 9%, and the signing of the Iran deal may impact market sentiment.
What it means for traders
- The decline in Bitcoin and other risk assets suggests a bearish short-term outlook.
- The correlation with oil prices and geopolitical events warrants close monitoring for altcoin performance.
Affected markets
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