Bitcoin dropped about 1% over the past day as inflation, interest-rate, and regulatory concerns weighed on risk appetite. The token is stuck in a narrow range, with $63,000 marking the key support level for its next move.
Bitcoin fell about 1% over the past 24 hours as investors remain cautious ahead of key economic and regulatory developments. Concerns over inflation, interest rates, and uncertainty around the U.S. Clarity Act have reduced risk appetite across financial markets, with cryptocurrencies moving lower alongside stocks.
The token has also struggled to attract fresh buying after its recent gains, leaving the price stuck in a narrow range. In the short term, traders see $63,000 as an important support level that could decide the next move.
If Bitcoin holds above $63,000, the price could recover toward $65,000–$66,800. A break below that level, however, could open the door to a move toward $62,200.
Source: Coinpedia Fintech News
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