Investing.com — Bitcoin dropped to its lowest level in nearly four months Thursday, weighed down by a combination of geopolitical anxiety, persistent institutional selling, and Strategy’s first Bitcoin sale in years.

Bitcoin fell to a near four-month low of $61,311 before trimming some of those losses, recovering to trade around $62,580.4 by 06:37 ET (10:37 GMT).

The selloff in the world’s largest cryptocurrency also dragged the crypto-related stocks lower. Shares in Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, fell about 1.5% in premarket trading, while Coinbase slipped 1% and Circle lost 1.2%.

Crypto mining firms MARA Holdings and Riot Platforms also dipped about 4% each. Further, CleanSpark…