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Bitcoin slump deepens as crypto markets face renewed selling pressure
Bitcoin’s decline deepened amid renewed selling pressure, while ICICI Prudential Mutual Fund reopened select international schemes with capped investments.
Bitcoin and other cryptocurrencies extended their slump as heavy selling pressure returned, driven by risk aversion, tighter global liquidity, and fading speculative demand. Prices fell sharply after a volatile week, unsettling investor confidence across digital assets.Analysts pointed to leverage unwinding and macro uncertainty. Separately, ICICI Prudential Mutual Fund resumed subscriptions in three international schemes, capping investments at ₹2 lakh per PAN to manage inflows prudently.