Odaily News Bitcoin is under pressure from a wave of risk aversion in global markets, falling 13.1% in the seven days to last Sunday, based on a price close to $58,500 at press time (currently at $57,441.9), the biggest weekly drop since the FTX crash. U.S. stock futures fell early Monday, reflecting concerns about the growth outlook for the world's largest economy, and weakness in tech giants that raised questions about whether the hype around artificial intelligence is overdone. In addition, geopolitical tensions in the Middle East have further exacerbated investor unease. Tony Sycamore, market analyst at IG Australia Pty, wrote in a report that technical chart patterns "open the way for Bitcoin to pull back further" to $54,000. Bitcoin's gains have slipped to around 34% so far this year, compared with a 19% rise in gold prices and a 9% rise in global stock indexes. (Bloomberg)