Bitcoin Price Plunges Below $63,500 After Four Consecutive Sell-Offs

Bitcoin has started trading from an unusual position, having been sold off by U.S. investors in four consecutive sessions.

The price is currently at $63,169, down from its peak of $67,255 in mid-July and below the structural support level of $63,500.

According to data on the 4-hour chart, the recent trend shows a series of lower highs, indicating that the upward movement is weakening.

The Bitcoin Red Team has reported multiple critical and high-severity vulnerabilities in the open-source ecosystem using frontier AI, which could pose a threat to the security of Bitcoin-related projects.