Bitcoin Hits Four-Month Low Before Rebounding to $62,580 as Investors Rotate Into AI
Bitcoin dropped to $61,311 before recovering to around $62,580 amid ETF outflows and Strategy's first Bitcoin sale in years. Crypto-related stocks including Coinbase, Circle, and several miners fell in tandem.
medium.comBitcoin fell to a nearly four-month low of $61,311 before rebounding to around $62,580. The move came as investors rotated capital out of Bitcoin and into AI-focused investments. Strategy made its first Bitcoin sale in years, adding to the pressure.
Bitcoin was also pressured by ETF outflows and geopolitical tensions. Strategy stock fell along with Coinbase and Circle. Miners including MARA, Riot, CleanSpark, Hut 8, and Core Scientific posted steeper losses.
@DeItaone reported the price action and the related equity moves.
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