Bitcoin Falls Below $63,000 on Weekly 7% Decline

Bitcoin plunged below 63,000 on February 24, 2026, extending a sharp weekly decline of nearly 7 percent as macroeconomic pressures and on-chain signals fueled investor fears in the cryptocurrency market.

The digital asset, which hit an all-time high of 126,000 in October 2025, has now lost about 47 percent from that peak, erasing over 1.2 trillion dollars in broader market value. At press time, Bitcoin traded around 63,300, down more than 3 percent in the past 24 hours and nearly 29 percent over the last month. Trading volume surged 25 percent as the sell-off accelerated, with top altcoins mirroring the downturn. The episode marks Bitcoin's return to levels last seen in early February, when prices briefly dipped under 60,000.

Analysts attributed the slide to a combination of global uncertainties, including President Trump's recent tariff hikes from 10 percent to 15 percent on imports, which have heightened concerns over inflation, trade instability, and reduced liquidity. The U.S. Supreme Court had earlier struck down parts of the administration's tariff strategy, but the latest announcements rattled markets, prompting shifts toward safe-haven assets like gold, which rose above...