Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets-here’s what analysts say
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a four-month low.Both tokens have fallen roughly 12% this week, erasing Bitcoin’s year-to-date gains and pulling ether nearly 19% lower for the year.The sell-off comes as volatility spikes across equity markets, particularly high-flying artificial intelligence stocks. Analysts said the retreat signals a broader shift away from speculative assets. “If it’s telling a story…
