Bloomberg: Bitcoin falls towards $62k, putting $58k annual back in focus.
According to Bloomberg, Bitcoin fell over the weekend towards $62,000, its lowest level since July, as higher Treasury yields, a stronger dollar, post-mid-term policy uncertainty and continued fallout from the Binance hack weighed on crypto markets.
FalconX co-head Joshua Lim said the discussion surrounding the sale focused on the nearly $20 billion decline in the stablecoin's balance sheet over the past month and the potential liquidity impact of Anthrop's upcoming IPO. Bloomberg noted that Bitcoin is again approaching its 2026 low near $58,000.