Bitcoin fell sharply over the weekend, sliding toward the $65,000 level as risk-off sentiment gripped global markets and investors moved away from volatile assets. The largest cryptocurrency traded near $65,735 in Asian hours on Saturday, losing ground after a brief rally earlier in the week and erasing much of its recent gains. Major altcoins also weakened, with Solana, Ether, XRP and Dogecoin all posting declines of more than 4% to 6% amid broader market pressure.
Analysts attributed the sell-off to deteriorating sentiment in U.S. equity markets, hotter-than-expected inflation data and lingering macroeconomic uncertainty that has reduced appetite for risk assets, including digital currencies.