Bitcoin Slides to $62,470 as Sellers Test the $63K Floor Again
Bitcoin hovered near $63,000 after hitting an intraday low of $62,470, remaining virtually flat over 24 hours and leaving seven-day losses at 2.6%. Key TakeawaysBitcoin fell below $63,000 as spot ETF outflows topped $131 million.MSCI proposed rules targeting firms like Strategy with over 50% non-operating assets.MSCI will decide on Oct. 16, with potential November removals dimming bitcoins year-end outlook. BTC Stumbles Near $63,000 Bitcoin dipped below $63,000 for the second consecutive day on Friday, with the decline deepening in early trading. The cryptocurrency initially appeared to consolidate around $63,400 hours after falling to $62,912 on Thursday. However, a sell-off shortly after midnight dragged the price to $62,670 before it recovered to trade just below $62,800. Shortly after 8 a.m. EST, bitcoin began descending again, reaching an intraday low of $62,470. A subsequent relief rally helped it reclaim the $63,000 threshold. As of 1:20 p.m. EST, the cryptocurrency was trading just above $63,000, virtually unchanged over the previous 24 hours. The flat price action kept bitcoins market capitalization under $1.27 trillion, with seven-day losses at 2.6%. After a strong start to the month, bitcoin is now nearly flat as August reaches its midpoint. In the derivatives market, the volatility triggered significant liquidations for overleveraged long positions. According to









