Bitcoin slides toward $60,000 as ETF outflows and liquidations intensify

Investing.com -- Bitcoin fell to a four-month low over the weekend, approaching a major liquidation zone near $60,000 as institutional outflows, leveraged selling and expectations of higher U.S. interest rates pressured cryptocurrency markets. Our AI stock portfolio is beating the S&P 500 by 118%. Discover the stocks we're buying and the opportunities we're watching next. Exclusive for Yahoo! Finance readers: 55% off for Black Friday, plus an extra 15% at checkout. Subscribe today! » The world's largest cryptocurrency dropped to $62,112 during Asian trading Sunday, its weakest level since July 14, extending a selloff that has erased approximately 25% of its value since October 21. It has since recouped some of its losses and was trading at $64,843.