Bitcoin's Slide to $64,000 Is a 'Macro Shock,' Not a Market Breakdown
Decrypt • • business
Key Points:
- Bitcoin's price fell to $63,822, extending losses amid a tariff-driven market slide and marking a roughly 50% drop from its all-time high of $126,080 set five months ago.
- Analysts attribute the decline to compounding macroeconomic shocks, including increased global tariffs and persistent inflation, rather than a structural breakdown of Bitcoin's four-year cycle.
- Despite ongoing negative ETF flows and market pressure, experts maintain that Bitcoin's fundamental demand remains intact, with potential stabilization around the mid-$60,000 range and a gradual recovery expected.
- The possibility of a further drop to around $55,000 exists, but this is viewed as part of the typical correction and base-building phase before a new accumulation cycle starting in 2027
