Bitcoin plunges below $62,000 as ETF outflows and Strategy sale rattle market

Bitcoin fell below $62,000 late Wednesday, extending a broad sell-off that left the token down nearly 8% over 24 hours to about $61,463.22 and close to the closely watched $60,000 level. Market pressure came from sustained outflows from U.S. spot Bitcoin ETFs, a disclosed 32-Bitcoin sale by Strategy to help fund dividend obligations, and a broader risk-off backdrop tied to U.S.-Iran tensions. At the same time, sector performance across crypto was mixed: SoSoValue data showed AI-related tokens rising 3.59%, led by Worldcoin's 22% jump, while DeFi gained 1.93% even as Bitcoin fell 6.19% and Ethereum dropped 4.52% below $1,800.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.