Bitcoin drops below $63,000 as broad risk-asset selloff erases week's gains

Bitcoin slipped below $63,000 as global risk assets sold off, erasing gains from the US-Iran peace deal. Ether, XRP, Solana and BNB all fell 2-3%, with traders eyeing $45,000 as a potential downside target.

• Bitcoin fell 1.9% to $62,700, ether dropped 2.3% to $1,695, and Solana lost 3.2% to $69
• A break below the $59,000-$60,000 range could signal a deeper downturn toward $45,000
• Global equities slipped in holiday-thinned trading; Brent crude fell 9% on the week as Iran deal eased supply fears
• Traders question whether altcoins will get their turn to rally in this cycle given ETF-driven market structure changes
• Tron was the only major token to hold flat; Hyperliquid's HYPE was the week's best performer, up 13.2%

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