Bitcoin's price has dropped below $64,000, triggering more than $1.1 billion in liquidations over the past 24 hours. The sharp decline reflects renewed volatility and waning confidence in the cryptocurrency's near-term outlook.
Prediction markets now show significantly reduced odds of Bitcoin reaching $84,000 or higher by early June. The move comes amid ongoing macroeconomic headwinds and potential policy shifts from the Federal Reserve and SEC.
Market participants are now focused on whether institutional activity or regulatory updates could reverse the current trend.