Bitcoin Slides to Four-Month Low as Investors Favour Gold and Cash Over Crypto

Bitcoin fell to its lowest level in nearly four months on Thursday, extending a sharp weekly decline as renewed Middle East tensions, rising energy prices and persistent inflation concerns prompted investors to retreat from risk-sensitive assets. The world’s largest cryptocurrency dropped more than 5% in Asian trading to below $62,000, its weakest level since early […] The post Bitcoin Slides to Four-Month Low as Investors Favour Gold and Cash Over Crypto appeared first on The Middle East Observer.