Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

slow bleed lower over the past weeks has sped up Friday, the price dipping more than 3% in the past 24 hours to slide to about a five-week low of $63,700, now lower by 9% over the past month.

“The crowd is mainly fearful or disinterested toward Bitcoin," the firm said in an X post Friday."This extended level of FUD is rare, as traders continue to capitulate,” they added."BTC trader fatigue, combined with whale accumulation, generally leads to bounces that reward the patient."

 

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