Bitcoin Drops Below $63,000 on Tariff Concerns; $60,000 Support Eyed

Bitcoin fell below $63,000 during Asian hours on April 7, down nearly 7% for the week to levels last seen Feb. 6, CoinDesk data show. The decline followed a Monday selloff in U.S. equities after President Donald Trump said he would impose temporary 15% tariffs on imports, up from 10% announced Friday. Matt Howells-Barby, vice president at Kraken, said the $60,000 level is key support, with a break potentially opening a move into the mid-to-low $50,000 range. Several experts told CoinDesk at Consensus Hong Kong that prices could slide toward $50,000 or lower before a bearish crossover occurs, noting the 50-week moving average remains well above the 100-week.