BTC falls near $62,000 amid broader risk-asset declines, with U.S. spot ETFs recording $113.8M in outflows over four days.
Bitcoin slid toward $62,000 on Wednesday, extending losses as a second day of selling in U.S. technology and semiconductor stocks weighed on global risk assets. BTC traded at $62,692, down 0.31%, while Ethereum fell 1.03% to $1,672, reflecting broader market weakness.
The decline follows a four-day outflow streak for U.S. spot Bitcoin ETFs, which saw $113.8M withdrawn. The crypto market cap stood at $2.23 trillion, with BTC dominance at 56.2%. The Fear & Greed Index hit 17, signaling extreme fear among investors.
Altcoins mirrored the downturn, though small-cap tokens like RIZE and Litentry posted gains of over 50%. Meanwhile, funding rounds continued, with Allium securing $40M in a Series B led by Amplify Partners.