Bitcoin (BTC) fell to approximately $62,000 on Wednesday, extending a multi-day decline as renewed tensions in the Middle East sparked a broad flight from risk assets.
The digital asset’s slide reflects growing investor caution, with markets pricing in higher uncertainty and potential disruptions to global supply chains.
The sell-off marks a continuation of the pressure that saw Bitcoin break below the critical $60,000 support level earlier in the week.
The sell-off marks a continuation of the pressure that saw Bitcoin break below the critical $60,000 support level earlier in the week.
According to market data, the cryptocurrency has retreated to its lowest point in two weeks, mirroring weakness across US technology stocks and other high-beta assets.
The move underscores the increasing sensitivity of crypto markets to macroeconomic and geopolitical shocks.
Analysts note that the correlation between Bitcoin and traditional risk assets has strengthened in recent months, making the digital currency more vulnerable to shifts in global sentiment.