Bitcoin falls to a 15-month low, preceded by a sell-off in tech stocks.

Bitcoin fell to its lowest level since November 2024 during the Asian trading session, continuing to trade near that level after a overnight drop in US technology stocks. Jefferies economist Mohit Kumar stated in a report that holdings in software and technology stocks, cryptocurrencies, and precious metals are heavy, and investors are adjusting their positions. He expressed concerns that worries about cryptocurrency miners are intensifying, and there is fear that forced liquidation may occur if prices continue to decline. "Our view on cryptocurrencies has always been that the proportion in the overall investment portfolio should never exceed a very small portion." Data from the London Stock Exchange Group shows that Bitcoin fell by 2.9% to $70,528, having earlier touched a low of $70,052.