Bitcoin dropped to a 10-day low of $62,500 amid selling pressure, bringing weekly losses to nearly 4% while market cap fell to $2.245 trillion.
Macro & Markets ·
Bitcoin fell to its lowest level in ten days, touching $62,500 as selling activity from Strategy weighed on the market. The week saw the asset decline by nearly 4%, with the broader digital currency market shrinking to $2.245 trillion in total capitalization. Bitcoin's share of that total contracted to 56.1%, signaling a relative shift in investor positioning across the sector.
The weakness persisted despite favorable inflation data, suggesting macroeconomic sentiment alone did not anchor prices. Meanwhile, several alternative tokens—including SOL and BNB—posted gains during the same period. On-chain observation revealed a rise in the count of large Bitcoin holders, adding a mixed signal about accumulation patterns during the drawdown.
In regulatory and institutional developments, Tether obtained its first unqualified audit opinion from KPMG, a significant milestone for the stablecoin operator. What remains unclear is the duration and scope of selling pressure from Strategy and whether the altcoin outperformance reflects genuine fundamental strength or rotation tactics tied to the main asset's decline.