Bitcoin has fallen back below the $60,000 mark, extending a period of volatility that has seen the cryptocurrency struggle to hold recent gains.
The move comes as the Dutch AEX index opened higher, driven by strength in technology stocks that mirrored gains in US markets.
For traders, the breakdown below $60,000 is significant because it invalidates a long-standing technical support zone.
The dip in Bitcoin follows a sharp decline earlier in the week, when the asset briefly touched $59,700 on June 25.
That move shattered a critical support level that had remained intact for nearly two years, marking the first time since October 2024 that the price breached the $60,000 floor.
Although the asset staged a modest recovery to $60,310 over the weekend, selling pressure has returned as trading resumed.
For traders, the breakdown below $60,000 is significant because it invalidates a long-standing technical support zone.