Bitcoin Slips Below $63,000 as Tech Rout and Middle East Tensions Trigger Risk-Off
Updated
Updated · CoinDesk · Jul 17
Bitcoin Slips Below $63,000 as Tech Rout and Middle East Tensions Trigger Risk-Off
2 articles · Updated · CoinDesk · Jul 17
Summary
$63,000 gave way for bitcoin before it pared losses to trade down 1.2%, while ether fell 1.74% and total crypto market value dropped 1.86% to $2.16 trillion.
A 4% slide in Japan's Nikkei, a 1.91% drop in Nasdaq 100 futures and renewed Middle East strains pushed investors into havens, lifting the dollar index to 100.75 and gold back above $4,000.
Derivatives data showed bears pressing the move: the crypto futures long-short ratio fell to 0.94, its lowest since June 2, though open interest near $111 billion stayed broadly steady, pointing to an orderly selloff rather than panic.
RSI across crypto pairs slipped to 42.23, nearing the oversold zone that preceded July's relief bounce, while privacy coins ZEC and DASH rose and AI tokens FET and TAO eked out gains.