BlockBeats News, October 17th, influenced by widespread risk aversion sentiment, Bitcoin continued its decline, falling to a nearly four-month low. Hargreaves Lansdown analyst Derren Nathan stated, “Selling pressure from crypto miners and ETF liquidation activities have driven this latest drop.”
He pointed out that against the backdrop of investors avoiding high-risk assets and turning to safe-haven assets such as US Treasuries and gold due to rising US credit risk, Bitcoin has come under pressure.
Meanwhile, loan losses at US regional banks have further exacerbated market concerns over escalating trade tensions and the ongoing US government shutdown. (FXStreet)
