Bitcoin Falls Below $63,000, Halving From Last October’s Peak

▲ Bitcoin price falls below $63,000.

Bitcoin has fallen below $63,000.

It has halved compared with its peak in October last year.

There are also forecasts that this month could mark the steepest drop since June 2022.

The price of Bitcoin has slipped below $63,000.

U.S. business outlet CNBC reported that amid resurfacing tariff issues and rising geopolitical tensions, Bitcoin plunged more than 5% on the 24th (local time), falling to $62,964.64 per coin.

Christopher Hamilton of asset manager Invesco told CNBC that “this decline appears closer to a typical risk sentiment reset rather than a crypto-specific shock,” suggesting the sharp drop may reflect “tactical de-risking” rather than a structural exit.

As nuclear negotiations between the United States and Iran have yet to find a breakthrough, President Donald Trump on the 19th set a deadline of up to 15 days. CNBC reported that tensions have since intensified as the U.S. continues deploying military assets to the Middle East.

Billy Leung, investment strategist at Global X Australia, said, “More importantly, Bitcoin remains highly sensitive to global liquidity conditions,” adding, “If the market interprets trade policy as a tightening of financial conditions, cryptocurrencies will be among the first to feel the impact.”

Following a U.S. Supreme Court ruling that found President Trump’s reciprocal tariffs unlawful, and with Trump introducing a new tariff measure, the global economy is once again being thrown into uncertainty.

The “global tariff” newly imposed worldwide by President Trump after the Supreme Court’s ruling on reciprocal tariffs officially took effect on the 24th local time.

Rachel Lucas, a cryptocurrency analyst at BTC Markets, said President Trump’s decision to impose a “15% global tariff” “shook risk assets across the board, and Bitcoin moved in tandem,” Bloomberg reported. Despite being referred to as “digital gold,” she noted that “Bitcoin continues to trade as a risk asset.”

After surpassing $125,000 in October last year, Bitcoin has been undergoing a sharp correction. According to CNBC, it has fallen 27% so far this year alone and has halved compared with its October 2025 peak.

Bloomberg reported that Bitcoin is on track to record a monthly decline of more than 19% this month, marking its steepest monthly drop since June 2022.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.