According to reporting from CoinDesk, Bitcoin has slipped below $63,000. This decline comes as WTI crude oil has topped $82 a barrel, which is adding pressure to inflation concerns.
The rise in oil prices, combined with an increase in bond yields, is weighing on risk assets. As a result, Bitcoin's price has fallen below the $63,000 mark.
This development highlights the complex and interconnected nature of global markets, where changes in one sector can have a ripple effect on others, including cryptocurrency markets.