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The New York Sun
Economy

Bitcoin Faces Sharp Selloff as Investors Flee Risky Assets

The popular cryptocurrency has entered bear market territory with a 20 percent drop in value from recent highs.

A sign advertises a Bitcoin ATM at a gas station near Pasadena, California, on July 16, 2025.
A sign advertises a Bitcoin ATM at a gas station near Pasadena, California, on July 16, 2025. Mario Tama/Getty Images

Bitcoin Faces Sharp Selloff as Investors Flee Risky Assets | The New York Sun