Bitcoin Sinks Below $63,000 as Multiweek Slide Deepens

Bitcoin fell below $63,000 on Tuesday, with Coinbase and Bitstamp both recording the break as a multiweek slide deepened. The new low sits 12.5% below the snapshot low cited in The Defiant's Nov. 12 report, extending a downturn that has erased recent gains across the largest cryptocurrency. The move matters because a sustained break of the $63,000 level could test conviction among holders and set the tone for broader digital-asset sentiment. Traders will watch whether bitcoin can reclaim the threshold or whether further weakness pulls the market toward lower support levels.