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Bitcoin Sinks Below $62,500 as Traders Warn of More Losses

Guavy AI Editorial Team
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BTC
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Bitcoin's decline continued on Friday, falling to $62,570 as traders warned of potential further losses.

The cryptocurrency dropped around 1.3% during Wall Street's trading session, bringing it close to its lowest level in August.

Analyst Rekt Capital cautioned that a weekly close below $63,220 could increase selling pressure and trigger more losses for Bitcoin.

Despite the decline, US equities remained near record highs, highlighting Bitcoin's recent weakness compared to traditional risk assets.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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