Today, Bitcoin fell by nearly 2% after a three-day pause on Wall Street, amidst declining equity futures as investors adopt a more cautious macroeconomic outlook.
The token declined by up to 1.7% to $ 67,658 this morning. Nasdaq 100 futures slid 0.9%, and S&P 500 contracts lost 0.6%.
Economists attribute the market slide to traders acknowledging rising geopolitical tensions surrounding Iran and renewed discussions about whether artificial intelligence’s economic influence may extend beyond the technology sector.
Additionally, the fall follows increased expectations for Federal Reserve rate cuts, which have resurfaced following last week’s inflation data.
Last week, US-listed Bitcoin ETFs lost $360 million.
The digital asset has fallen more than 40% from its October peak, marking its fourth straight weekly decline.
By CEO NA Editorial Staff
