Bitcoin faces renewed selloff as investors trim risk exposure amid broader market downturn
Bitcoin and digital tokens are experiencing intensified selling pressure as part of a wider retreat from high-risk assets across markets, the Wall Street Journal reports. Patrick Horsman, Chief Investment Officer at crypto treasury firm BNB Plus, said investors are reducing exposure as the economic outlook darkens, projecting Bitcoin could decline to $60,000. The current selloff differs from previous crypto winters, including 2022, as it occurs without major fraud-driven collapses like Mt. Gox or FTX that previously triggered broader market crashes.