The BTC/USD pair retreated overnight as the stock and crypto markets dropped amid the rising risks. Bitcoin dropped to $61,000, continuing a downtrend that started in May when it peaked at $82,607. Bitcoin Slumps as Key Market Risks Rise The BTC/USD pair dropped as risks rose, which affected the state of the broader financial market. For example, US stock slumped, with the Nasdaq 100 Index falling by over 1.75% and the S&P 500 crashing by over 1%. Semiconductor companies like Marvell Technology, Lumentum, Arm Holdings, Qualcomm, and AMD were among the top laggards. One of the top risks the market is contending with ... (full story)