Bitcoin Plummets to Four-Month Low Amid Market-Wide Selloff, JPMorgan Cites Crypto Native Activity

Bitcoin has extended its recent decline, hitting a fresh four-month low overnight and triggering a broad-based downturn across cryptocurrency markets. The selloff intensified as JPMorgan analysts identified crypto-native entities as primary drivers behind the downward pressure. Market data reveals Bitcoin’s slide has erased gains from the previous quarter, with the flagship cryptocurrency now trading at levels not seen since early summer. The bearish momentum has spread throughout the digital asset ecosystem, with major altcoins following Bitcoin’s downward trajectory. Trading volumes have surged during the selloff, indicating significant position unwinding among market participants. Analysts note that the current market conditions reflect growing risk aversion among cryptocurrency investors, though the fundamental blockchain infrastructure remains robust. The price action suggests potential support levels are being tested, with market watchers closely monitoring whether current valuations will attract renewed institutional interest. The correlation between Bitcoin’s performance and broader digital asset markets remains notably high, underscoring Bitcoin’s continued role as market bellwether despite the growing maturation of the cryptocurrency sector.