Bitcoin: Crashes Below $63,000 on Yen Intervention
Bitcoin crashes below $63000 after US yen intervention reports, $BTC down 4.5% wiping $56.5B marketcap with $240M liquidated in 12 hours.
SourceAnalysis
Bitcoin crashed below $63,000 after reports of US intervention in yen markets, with $BTC falling 4.50% in the last 12 hours and erasing $56.5B from its marketcap while $ETH dropped 4.60% and $10.3B vanished; $240 million in positions were liquidated over the same period.
Price action at $62856.74 tests the lower Bollinger support at $62901.78 under a bearish trend structure where EMA50 at $64297.93 and EMA200 at $63917.52 act as overhead resistance, MACD death cross at -247.04 confirms momentum weakness and RSI at 35.44 leaves room for extension lower before any bounce, aligning with historical US yen intervention impact on Bitcoin price history and fresh yen carry trade unwind crypto market liquidations that could shape near-term BTC price prediction.
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