Bitcoin Dips to $64K as Macro Forces Overpower Market

Bitcoin slid to about $63,800—roughly 50% below its October peak—as a confluence of macro shocks (tariff hikes, higher-for-longer rate expectations, and leverage) weighed on risk assets. Analysts say the move reflects macro pressures rather than a fundamental breakdown of Bitcoin’s four-year cycle; a fall toward $55k isn’t ruled out, but many expect stabilization in the mid-$60k range and a gradual recovery as demand returns and ETF outflows wane. Near-term liquidity stress also produced large crypto liquidations, with over $500M in outsized positions wiped out across markets.