thedefiant.io
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Bitcoin fell below $63,000 on Saturday evening, extending a multiweek selloff that has taken its price more than a quarter below an October peak.
Coinbase's $BTC-USD spot feed recorded a low of $62,534.04 in the one-minute candle beginning at 8:08 p.m. ET on Nov. 14. Bitstamp's $BTC/USD feed registered $62,545.38 in the same minute, confirming the break on a second spot venue.
The Coinbase low was 12.5% below the $71,500 snapshot low documented at 9:44 a.m. ET in The Defiant's Nov. 12 report.
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Even before the latest leg lower, bitcoin had lost 21.2% over four weeks on a close-to-close basis. Coinbase's daily candles show it finished the Nov. 14 UTC session at $64,118.79, down 6.0% over one day and 15.4% over seven days. That session ended at 7 p.m. ET Saturday.
The new $62,534.04 low was 17.8% below the $76,094.99 high in the preceding seven completed UTC sessions, Nov. 8–14. It was 26.3% below the $84,856.07 peak on Oct. 21, the highest price in the preceding 28 completed UTC sessions, Oct. 18–Nov. 14. These are declines from intraday highs, rather than close-to-close returns.
Coinbase's 8:11 p.m. ET one-minute candle closed at $62,758.17—above the low, but still below $63,000.
