Bitcoin tanks below $63,000 for the first time since February as price selloff deepens
Hex37's read
- Bitcoin price has fallen below $63,000.
- This is the first time BTC has traded this low since February.
- The price selloff has intensified.
- Demand for protective options has increased.
What it means for traders
- Increased demand for protective options suggests growing market fear and potential for further downside.
- A break below $63,000 could signal a shift in market sentiment, potentially leading to further price drops.
Affected markets
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