A wave of risk aversion swept through global financial markets, driving digital assets lower as Bitcoin breached the $63,000 mark. Data from cryptocurrency exchange Binance indicates that the leading token by market capitalization fell 3.02% over 24 hours to reach $62,957.83. This latest drop extends a multi-session sell-off fueled by volatility in tech equities, macroeconomic headwinds, and recalibrated monetary policy expectations. Furthermore, Bloomberg market data reveals that tightening spot trading volumes coincided with a rapid acceleration in long liquidations across derivative trading venues.

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