Bitcoin Drops Below $63,000 Amid Weak Coinbase Earnings and Fading Optimism
Bitcoin price fell below the $63,000 mark, reaching its lowest level in two weeks. This decline was triggered by disappointing earnings from Coinbase and diminishing hope regarding favorable U.S. crypto legislation. While major tokens like Solana and XRP also saw price corrections, others like Cardano showed resilience. The total crypto market capitalization has decreased as investors remain cautious ahead of upcoming Federal Reserve commentary. Traders are currently monitoring macro signals for any signs of a potential trend reversal.
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