Bitcoin slips below $63,000… Tariffs and AI jitters raise risk of further downside

Bitcoin (BTC) fell below $63,000 in Asian trading, extending its bearish momentum. Analysts say uncertainty over U.S. tariff policy and a pullback in artificial intelligence (AI)-related stocks are weighing on investor sentiment.

According to CoinDesk on the 23rd, bitcoin dipped below $63,000 intraday and briefly touched the low $62,000s. On a weekly basis, it was down about 7%, nearing its lowest level since Feb. 6. At the time, prices had slid to around the $60,000 mark.

Macro uncertainty is at the core of the weakness. U.S. President Donald Trump announced plans to raise temporary tariffs from the existing 10% to 15%. At the same time, profit-taking in AI-linked names added to downside pressure in U.S. equities. Markets also assess that rising geopolitical tensions between the United States and Iran could, in the near term, act as a headwind for risk assets.

From a technical perspective, the possibility of further correction is also being discussed. CoinDesk said that "in past cycles, major lows tended to be confirmed after the so-called 'bear cross,' where the 50-week moving average breaks below the 100-week moving average," adding that "the 50-week is still above the 100-week, suggesting the downtrend could persist."

However, as moving averages are lagging indicators, past patterns do not guarantee future price action. Markets are watching whether $60,000 holds, along with shifts in the macro backdrop—particularly liquidity conditions—as key variables that could determine the next direction.