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Crypto

Bitcoin Tumbles Below $64,000 Amid Tech Sector Selloff

Guavy AI Editorial Team
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BTC
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Bitcoin's price fell to $64,017 on July 25, down 2.49% from the previous day, as investors shifted their focus towards safer assets amidst a tech sector selloff.

The Nasdaq-100 index hit an 11-week low due to concerns over excessive AI spending by tech giants, leading investors to move away from riskier assets like Bitcoin and into bonds.

Spot Bitcoin ETFs saw the weakest inflows in three weeks, indicating reduced institutional demand for the cryptocurrency.

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