Bitcoin fell sharply on Friday, dropping 3.6% to reach $62,405, its lowest level in approximately two weeks.
The decline marks the latest leg down for the leading cryptocurrency, which has struggled to hold support amid a volatile trading week characterized by heightened risk aversion.
The sell-off was driven by renewed geopolitical tensions in the Middle East, which have sparked a broad flight from risk assets across global markets.
Investors are increasingly wary of uncertainty, leading to a synchronized retreat from high-beta assets.
This sentiment was further exacerbated by a broad-based selloff in US technology stocks, which weighed heavily on risk sentiment and dragged down digital assets alongside equities.
Bitcoin’s slide reflects growing investor caution as macroeconomic and geopolitical headwinds converge.