Bitcoin Price Plummets Below $63,000 Amid Rising Uncertainty

Bitcoin's price has been on a downward trend, dropping below $63,000 on February 24, 2026. This decline marks the end of a week-long period where prices have fallen nearly 7%. The current selling pressure is attributed to multiple factors, including large whale holders moving their coins from private wallets onto exchanges.

The transfer of these coins signals an intent to sell and increases the available supply of Bitcoin on the market. At the same time, buying activity across major exchanges has been light, with overall crypto sentiment remaining under pressure.