Bitcoin Hits Extreme Fear at $62,700 With Capitulation Still Ahead

Bitcoin fell to a low of $62,700 late Monday before recovering to $63,220 according to CoinMarketCap data. The 24-hour decline reached 3.36%, while the broader crypto market dropped 3.42%

Bitcoin News

Bitcoin fell to a low of $62,700 late Monday before

to $63,220 according to CoinMarketCap data. The 24-hour decline reached 3.36%, while the broader crypto market dropped 3.42%, pulling the total market capitalization down to $2.25 trillion.

Major altcoins followed Bitcoin lower across the board. Ethereum fell 2.5% to $1,828, XRP declined 1.5% to $1.33, and Solana dropped 2.3% to $76.8. The

stood at 11 at the time of writing, placing current sentiment among the most bearish psychological readings recorded in crypto.

Min Jung, associate researcher at Presto Research, said the move below $63,000 reflects a broad deterioration in crypto sentiment rather than a single fundamental catalyst. He attributed near-term pressure to macro headlines around tariffs and renewed geopolitical uncertainty, which are reinforcing a risk-off tone across

.

Jung added that crypto has recently underperformed even as traditional risk assets have remained relatively resilient. He said the divergence suggests the sell-off is not purely macro-driven but also reflects weak marginal demand, thinner liquidity conditions, and continued deleveraging within crypto-native markets.