Bitcoin drops for fourth day

Cryptocurrency markets experienced sharp declines at the start of trading in the Asian market, with Bitcoin dropping by 2.35% to around $62,870. Selling pressures and fears of breaking major support levels persisted. Altcoins also saw significant declines, most notably Ethereum down by 4.55% and Bitcoin Cash by 2.90%. The decline is attributed to ongoing outflows of liquidity from investment funds and reduced confidence due to tightening monetary policies and diminished regulatory optimism.

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