Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

Nasdaq down 3.1%, S&P 500 down 2.7%, Amazon down 11%, Nvidia down 5%, VIX up 54%.

Bitcoin briefly goes above $65,000 but drops to $62,900 due to risk-off sentiment, CoinDesk 20 Index down almost 3%, altcoins like ETH, SOL, UNI, LINK drop 4%-5%.

Japanese stock market plummets 5.8% in response to minor Bank of Japan tightening, Genesis Trading bankruptcy transfers $1.1 billion in bitcoin and $521 million in ether to creditors.

Read at Coindesk