Bitcoin Prices Plummet to $63,019 Amid Macroeconomic Concerns

Bitcoin prices have taken another hit in recent days, dropping to as low as $63,019 on Saturday. This sell-off is part of a larger trend that began in October, when leveraged positions were liquidated worth over $19 billion.

The current market instability has left investors increasingly cautious and seeking relief from a sustained rebound. One indicator of this uncertainty is the Crypto Fear and Greed Index, which remains in extreme fear at 14.