Bitcoin nears weekend low of $74,600 as stock selloff adds to crypto's woes
Bitcoin has dropped to a weekend low of $74,600, reflecting a broader downturn in the cryptocurrency market. This decline is attributed to a significant selloff in the stock market, which has negatively impacted investor sentiment across various asset classes. The overall market volatility has raised concerns among traders, leading to increased selling pressure on cryptocurrencies. Analysts suggest that the correlation between stocks and crypto may continue to influence Bitcoin's price movements in the near term.
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