Bitcoin hits 10-month low amid broad market sell-off

As Bitcoin falls to its lowest level since April of last year, selling pressure is rapidly expanding across global markets, including commodities and other cryptocurrencies. According to the trading platform Kobeissi Letter, BTC and ETH experienced intraday drops of as much as 5.5% and 10.5%, respectively. The commodities market is also seeing significant volatility, with natural gas down 15.5%, silver 8.0%, gold 5.5%, and WTI crude oil 4.5%. In the U.S. stock futures market, the Nasdaq, S&P 500, and Dow are also showing weakness, down 1.5%, 1.2%, and 0.8%, respectively.