On Tuesday, Bitcoin fell toward $63,000 , caught in a broader retreat from risk as investors pulled out of technology stocks that have led the markets all year. What happened The recent drop in Bitcoin is attributed to weak U.S. institutional demand. This is reflected in a negative Coinbase premium and pressure around Strategy's STRC preferred stock. If Bitcoin breaks below the $59,000 to $60,000 support range, it could enter a new phase of selling. Current price movements At the time of writing, Bitcoin was trading around $63,640 , down 0.9% over the past 24 hours and 3.3% for the week. These figures indicate that markets are nervous, and investors are cautious with their investments. Bitcoin dropped to $63,000 Negative Coinbase premium Support around $59,000 to $60,000 Current price: $63,640 The situation remains dynamic, and it’s important to stay updated on the latest developments. For more detailed information, read the full article at the source. This article is not financial advice. Always do your own research before making decisions about your money. Read the full article