Bitcoin prices fell sharply by over 6.2% to £76,529 ($95,405) from over £80,215 ($100,000) in the past day, joining the US stock market slump as resilient economic indicators drove Treasury yields high and fueled speculation that the US Federal Reserve could delay interest rate cuts.
Other major tokens, such as Ether, Solana, and XRP, were all down by over 6%. Experts believe declining US stocks drove the crypto selloff due to the growing correlation between digital assets and the stock market.
