Corporate Selling and Regulatory Uncertainty Weigh on Bitcoin Price

Bitcoin's price stagnated around $63,000 on Saturday due to corporate selling and regulatory uncertainty.

The largest corporate holder of Bitcoin, Strategy, sold approximately 1,690 tokens worth $108.6 million, adding supply to a market struggling for momentum.

The U.S. Securities and Exchange Commission postponed a planned innovation exemption for tokenization projects, further dampening sentiment.

Technical analysts are watching the $63,220 level as a key weekly threshold, with a close below it potentially turning support into resistance.