Bitcoin Near $63,000 Amid Market Volatility and Geopolitical Tensions

Bitcoin prices declined around 2-3%, trading near $63,000 amid global risk-off sentiment and geopolitical tensions impacting crypto markets. The cryptocurrency is down over 19% in February, marking its worst monthly performance since mid-2022. Analysts attribute the selloff to macroeconomic headwinds, derivatives liquidations, and cautious institutional flows. While short-term volatility persists, some experts view the correction as a market recalibration rather than a fundamental shift in Bitcoin's long-term outlook.