Bitcoin slides toward $62,000
Bitcoin's price dropped by approximately 2% to reach $62,687.6, resulting in an expected weekly loss of 2.8%. This decline occurred amid uncertainty regarding the peace talks between the United States and Iran, as well as rising interest rates, which caused market hesitation toward cryptocurrencies. The rest of the cryptocurrencies also declined significantly, with Ethereum down 2.2% to $1,699.71, Ripple down 3.5% to $1.13, and Solana down 4% to $68.5.
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