Bitcoin Struggles to Maintain Stability as Market Faces Volatility

Despite brief peaks, Bitcoin remains vulnerable under $65K, reflecting a cautious market sentiment amid regulatory fears and mining pressures.

Bitcoin fluctuated around $63K but failed to sustain gains, indicating potential consolidation at lower levels.
Market analysts warn of a possible 'panic sell-off' if Bitcoin drops below $60K, highlighting the fragile market equilibrium.
Japanese firm Metaplanet adopts Bitcoin as a hedge against yen volatility, mirroring broader corporate adoption trends.
Altcoins experience widespread losses as Bitcoin's instability impacts broader crypto market values.
Upcoming U.S. economic indicators could drive further volatility, underscoring the high correlation between macroeconomic factors and cryptocurrency prices.