Bitcoin sank to its lowest level since the outset of the Iran conflict as renewed clashes in the Middle East weighed on wider market sentiment.
The original cryptocurrency fell more than 5% to below $62,000 in early Singapore trading on Thursday, its lowest level since Feb. 6. The losses extend a bruising week that has seen the token shed about 16% of its value, a slide that began after Michael Saylor’s Strategy Inc. sold about $2.5 million of its giant Bitcoin holdings.
