Bitcoin Near 7-Month Low as Risk Aversion Intensifies Crypto Selloff
Group 1 - Bitcoin has fallen to an almost seven-month low due to a tech-led selloff in U.S. stocks, indicating increased risk aversion in the market [1] - Concerns are rising regarding the high valuations of AI-related stocks, particularly ahead of significant earnings reports such as Nvidia's [1] - A flood of U.S. economic data is expected to be released following the end of a record-long government shutdown, which may influence market sentiment [2] Group 2 - Market pricing shows uncertainty regarding potential interest rate cuts by the Federal Reserve, with recent comments from policymakers creating doubts about future monetary policy [2]