Bitcoin slides to $62,000, down nearly 16% from last week's peak

Bitcoin fell to around $62,000 as profit-taking in AI-related assets and a weaker appetite for risk weighed on sentiment. The move marks an accumulated drop of nearly 16% from last week's high near $74,000. Analysts say a break below $60,000 could shift focus to the next major support area around $55,000. U.S. spot Bitcoin ETFs have also logged net outflows for 15 straight trading days, with total redemptions exceeding $4.7 billion. Adding to the pressure, Strategy this week reported its first Bitcoin sale since 2022, tempering expectations for renewed institutional buying.