Bitcoin slides to four-month lows even as stocks hit record

Bitcoin dropped for a fourth consecutive trading session as part of a wider cryptocurrency selloff, in stark contrast to recent record highs in global stocks. The digital asset fell by as much as 8.1%, reaching its lowest level since February. Other cryptocurrencies like Ether, XRP, and Cardano experienced even steeper losses, exceeding 10% in some cases. Crypto speculators are facing several challenges, including decreasing demand for US Bitcoin exchange-traded funds, signs of government disposal of seized tokens, and the uncertain impact of US political changes.