CryptoCointelegraphabout 1 hour ago
Bitcoin drops to $62K as traders cut risk
1 min read
Bitcoin trades near $62,000, down nearly 2% in 24 hours, as a risk-off mood grips global markets. A sharp selloff in semiconductor and AI stocks, a 5% oil spike from US-Iran escalation, and Fed minutes release drove traders to cut futures and spot positions. Futures selling hit nearly $500 million, with $47 million in long liquidations.
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