Bitcoin Breaks $63K as Risk-Off Sentiment Takes Over

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Deribit March BTC options pricing on Thursday. Source: Deribit / Cointelegraph

Bitcoin slid below $63,000 for the first time since November 2024, extending its drawdown to nearly 30% from the failed $90,500 breakout in late January.

Weak US jobs data, rising layoffs, and growing unease around massive AI-sector capital spending have pushed investors into risk-off mode. With macro uncertainty spreading across equities, commodities, and crypto alike, traders are increasingly skeptical of any near-term Bitcoin recovery.

#Bitcoin #CryptoMarkets #Macro #RiskOff #BTC

[etfs]

options market basically saying “could bounce, but don’t get your hopes up” in the most expensive way possible