Bitcoin Prices Fall Toward $63,000

Bitcoin extended losses overnight, part of an investor exodus from riskier assets driven by jitters over President Trump’s trade policies, artificial intelligence and tensions over Iran. Pitto pointed to weak demand for bitcoin among U.S. investors, among other factors. Although bitcoin is touted by promoters as a safe store of value during financial distress, it has behaved in the opposite fashion recently and dropped alongside the S&P 500 during bouts of volatility.