Bitcoin falls over 4% to around $62,000
Bitcoin's price has declined by over 4%, approaching $62,000, influenced by a wave of declines in global financial markets driven by falling tech stocks and investors' efforts to reduce their holdings. This dip reflects the correlation between digital assets and technology stocks, amid ongoing pressures from monetary policy expectations and external outflows from investment funds. Additionally, increased selling by long-term Bitcoin holders has worsened performance, with losses reaching approximately 28% since the beginning of the year and close to 50% compared to the peak last October.
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