Bitcoin Dips Below $63K Amid Regulatory Delays and Major Holder Selling

Bitcoin fell below $63,000 as regulatory uncertainty and selling pressure from major holders weighed on the market. The US SEC's postponement of its tokenization innovation exemption has created a sense of unease among investors.

The largest corporate Bitcoin holder, Strategy, sold 1,690 BTC worth $108.6 million, contributing to the decline in price.

Analysts warn that if Bitcoin closes below $63,220 weekly, it may face further declines as key technical levels turn into resistance.