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Bitcoin falls below $63,000 due to market factors in Asia

3 sourcesFirst reported 9 days agoUpdated 9 days ago

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Bitcoin has fallen below $63,000 during the Asian trading session, reflecting a leverage flush.
The cryptocurrency lost approximately 1.4% in a 24-hour period, reaching around $62,800.
Market volatility is attributed in part to rising oil prices and inflation concerns.
Recent data indicates Bitcoin's value has decreased by nearly 50% from its recent highs.
Liquidations in the market were noted to be relatively minor compared to previous peaks in the past month.

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On July 13, 2026, Bitcoin experienced a decline, slipping below $63,000 during trading sessions in Asia. This drop followed a period of volatility in the cryptocurrency market, with Bitcoin reportedly losing approximately 20% of its value in June and roughly 50% from its peak values earlier in the year. On that day, Bitcoin's value was close to $62,800, marking a decrease of 1.4% within 24 hours.

The decline was attributed to various factors, including a surge in oil prices which raised inflationary concerns. These geopolitical developments in the Middle East, specifically following U.S. actions in Iran, have contributed to a broader anxieties in the financial markets. Although there were liquidations during the trading session, they were relatively minor, accounting for only about one-sixth of the amounts seen at the worst levels in the previous month.

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Bitcoin falls below $63,000 due to market factors in Asia

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