Bitcoin falls below $63,000 as risk assets sell off and the week's bounce fades

Bitcoin fell below $63,000 on Friday as risk assets sold off globally, erasing earlier weekly gains tied to the US-Iran peace deal, according to CoinDesk. BTC traded around $62,700, down 1.9% in 24 hours and 1.3% on the week; ether fell 2.3% to $1,695, XRP slid 3.2% to $1.13, solana dropped 3.2% to $69 and BNB lost 2.7%. Brent crude was about $79 a barrel, down roughly 9% on the week, as shipping through the Strait of Hormuz normalized under the signed US-Iran deal.