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The Economic Times

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Why Bitcoin has lost more than $1 trillion in value in just eight months

Bitcoin experienced its steepest weekly drop since the FTX collapse, driven by outflows from ETFs, AI stock competition, and shifting interest-rate expectations. Technical indicators have weakened, with Bitcoin falling below its 200-week moving average, signaling potential further declines as investors chase AI gains over crypto.

10 Jun 2026 11:42 am