Iran Peace Talks Collapse: Bitcoin Slumps to $62,687.6 Amid Market Uncertainty

Bitcoin prices dropped to $62,687.6 as of 08:47 Chisinau time, marking a 2% decrease for the day and a 2.8% loss over the week.

The world's largest cryptocurrency had been seeing a brief rebound, but hawkish signals from the Federal Reserve dampened demand for risky assets, including Bitcoin and most altcoins.

Institutional investors have been pulling out of spot Bitcoin ETFs for six consecutive weeks, with capital outflows slowing down somewhat compared to previous weeks.

This trend suggests waning investor interest in the crypto market as investors shift towards stocks of artificial intelligence companies with more transparent fundamentals.