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Crypto Market Cools as Bitcoin Hits Six-Month Low
Bitcoin sank to a six-month low as global risk-off sentiment rose and liquidity faded in crypto derivatives markets, dragging broader digital assets.
The cryptocurrency market entered a risk-off phase as Bitcoin slid to its lowest level in six months amid global equities’ weakness and higher yields. Derivatives markets noted declining open interest and weakening funding rates, suggesting that bullish positions were unwound. The broader digital-asset space followed suit, with altcoins also facing elevated volatility.
Analysts said liquidity drying up and macro uncertainty are weighing on crypto sentiment, while institutional buyers remained on the sidelines pending clearer regulatory signals.