Bitcoin Falls Below $63,000 as Multiweek Slide Sets New Low

Bitcoin (BTC) fell below $63,000, setting a new low as its multiweek decline deepened and placing the latest trough 12.5% beneath the low in a Nov. 12 snapshot.

Coinbase and Bitstamp both recorded the break under $63,000. The readings show the move on both venues. The 12.5% figure compares two lows rather than Bitcoin’s change from a live quote; it measures the gap between the latest trough and the Nov. 12 reference point.

That drawdown uses the October peak as its reference, while the 12.5% figure compares the latest low with the Nov. 12 low.

The latest move adds a lower point to the multiweek slide. Its break below $63,000 was visible on both Coinbase and Bitstamp, and the low-to-low comparison places the new trough 12.5% under the Nov. 12 mark. The two measurements describe different parts of the same retreat: the threshold broken and the distance from the prior low.