Bitcoin falls close to $62K amid rate concerns

Bitcoin retreated to around $62,000 amid concerns over disruptions in the funding mechanism of Strategy Corporation and the impact of rising interest rates on the demand for high-risk assets. The stock price of Strategy Company and the "Strash" funding tool also declined below their nominal value, exposing the company to losses and negative financing, with expectations of large-scale sales of Bitcoin or shares to rebalance its financial structure. The currency recorded a 3.4% loss on Thursday and is down 70% since the start of the year.

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