Bitcoin Price Drops Below $63,000 Amid Market Volatility

Bitcoin (BTC) is struggling to stay above $63,000 on Friday, August 14, 2026, after falling nearly 1.3% in a single day to $62,570.

The price drop comes despite positive US inflation data that pushed stocks to new highs this week, with the S&P 500 and Nasdaq both reaching all-time records.

Analyst Rekt Capital is sounding the alarm, warning that a weekly close below $63,220 could trigger a deeper sell-off for BTC.

The SEC's delay of its 'innovation exemption' for tokenized securities has also contributed to negative sentiment in the market.

Strategy, the world's largest corporate Bitcoin holder, has added pressure by selling 1,690 BTC for $108.6 million in net proceeds this week.