Bitcoin slumps as crypto markets shed $600B in value

Bitcoin dropped to a four-month low amid a broader crypto rout that erased over $600 billion in market value. The sell-off follows mounting credit concerns and sharp liquidations in leveraged positions. Bitcoin fell ~4 % in 24 hours, dragging the entire crypto sector down. Ethereum, too, declined, as investors fled risk assets. The downturn reflects heightened market volatility and uncertainty over macro and regulatory headwinds pressing across digital assets.