Bitcoin Price Slips Below Key Support Level Amid Ongoing Bearish Momentum

Bitcoin's price slipped to around $63,870 after a sharp intraday selloff. The cryptocurrency's recent trading activity has shown bearish momentum remaining strong.

The important support level currently stands at $63,700, with the next major level of support appearing at $63,500 if buyers fail to defend this price.

Fresh inflows into spot Bitcoin ETFs have provided some support for the market, but investors remain cautious due to geopolitical concerns and softer inflation expectations.