In brief
- Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it.
- The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said.
- As XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection.
Investors continued to dump digital assets on Wednesday, aggravating a sell-off that pushed Bitcoin’s price to its lowest point in 21 months.
The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours, according to CoinGecko. The performance echoed signs of pressure on Wall Street and put Bitcoin on track for its third straight daily decline.
As the…
