Bitcoin drops to four-month low near $62,000 as cryptocurrency selloff accelerates
Source Summary
Bitcoin fell to a four-month low near $62,000 as the global cryptocurrency market capitalization declined 4% to $2.26 trillion over 24 hours. Ether and Solana experienced double-digit weekly losses amid the broader market selloff.
Why it matters
A sharp decline across major cryptocurrencies signals weakening investor confidence and reduced risk appetite in digital asset markets.
