Bitcoin drops to nearly four-month low amid risk-off sentiment

ChainCatcher news, according to Golden Ten Data, due to widespread risk aversion sentiment, bitcoin continued its decline, falling to a nearly four-month low. Hargreaves Lansdown analyst Derren Nathan stated that selling pressure from crypto miners and ETF liquidations drove this downturn. Against the backdrop of rising credit risk in the United States, investors are avoiding high-risk assets and turning to safe-haven assets such as government bonds and gold, putting downward pressure on bitcoin. Meanwhile, loan losses at U.S. regional banks have heightened market concerns about escalating trade tensions and the ongoing U.S. government shutdown.