Bitcoin Price Plummets Below $63,000 Amid Global Tariff Uncertainty

The cryptocurrency market has experienced significant fluctuations in recent days, with Bitcoin's price plummeting below $63,000.

This decline represents a staggering 50% drop from its record high in October, sparking concerns among investors and traders. Prediction markets suggest a 71% likelihood of the price hitting $55,000 before rebounding to $84,000.

The bearish trend is attributed to global tariff changes, which have had a profound impact on the market's sentiment.