Bitcoin falls, dragged down by concerns about rotation of technology stocks.

Bitcoin fell, dragged down by concerns about the rotation of technology stocks, while the sentiment of cryptocurrency investors remained weak after a recent sharp sell-off. Recently, software and technology stocks have been under pressure, and the decline has intensified after an AI company released a new tool that automates specific industry functions. At the same time, it was reported that the first publicly issued Bitcoin-backed bond on Wall Street was affected by the recent sharp drop in the cryptocurrency. The issuance was supported by thousands of loans issued to individuals by the cryptocurrency lending institution Ledn. However, Ledn recently had to liquidate about a quarter of the loans that were supposed to support this transaction. Data from the London Stock Exchange Group showed that Bitcoin fell 2.1% to $66,543, its lowest level since the sell-off last Friday, when Bitcoin touched a 16-month low of $60,008.