Bitcoin’s plunge mirrors a global risk-off trend, with tech shares, precious metals, and other assets retreating in a broad market downturn.
Bitcoin dropped to its lowest level in nine months on Friday, driven by a global tech-led selloff that weakened risk appetite. The downturn spread across multiple markets, pulling down cryptocurrencies, equities, and precious metals. This joint decline underscores heightened investor caution and a broad risk-off sentiment affecting diverse asset classes.