Bitcoin falls to four-month low near $62K as crypto selloff deepens

The global cryptocurrency market capitalization fell 4% to $2.26 trillion over 24 hours, while Ether and Solana posted double-digit weekly losses.

Bitcoin fell to a four-month low near $62,000 on Sunday, extending a selloff across major digital assets before recovering some of its losses.

On Sunday, Bitcoin (BTC) dropped to a 24-hour low of $62,080.91, according to CoinGecko, its weakest level since July. The asset later rebounded above $65,000 but remained down nearly 15% in the last seven days. 

The downturn extended beyond Bitcoin. CoinGecko data showed Ether (ETH) down 19.5% over the past week, while Solana (SOL) lost 20.7%. The total value of the cryptocurrency market fell about 4% over 24 hours to $2.26 trillion, according to CoinGecko. 

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