Bitcoin’s recent rebound has diminished, dropping to $65,400 during U.S. trading on Monday after failing to sustain overnight gains. This decline coincides with a broader sell-off in U.S. stocks, particularly in the software sector, which has been closely correlated with cryptocurrency performance, declining by 5%. As investors shy away from speculative assets, Bitcoin is now being perceived more as a high-beta risk play rather than a safe-haven asset, reinforcing its volatile nature in tandem with pressures in the equity markets.
Bitcoin slides to $65,400 as stocks and crypto face losses
