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The Economic Times

Markets / The Economic Times

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Bitcoin hovers near $63,000 as global risk-off sentiment weighs on crypto markets

Bitcoin hovered around $63,000 as global risk aversion impacted crypto markets, with Bitcoin and Ethereum seeing declines. Major altcoins also slipped, contributing to a 2% drop in the global crypto market cap. Analysts suggest consolidation is underway, with institutional caution and liquidations in derivatives markets reflecting ongoing uncertainty.

24 Feb 2026 12:04 pm