Bitcoin is attempting to halt a severe selling spree after collapsing to a 21-month low of $58,093 earlier this week.
The world’s largest cryptocurrency has found tentative footing as buyers step in to defend critical technical support levels, though the asset remains deeply in the red for the month.
The sharp decline has broken through the $60,000 threshold, a psychological and technical support level that had held firm for nearly two years.
The digital asset is on track to close June with a loss of nearly 20%, one of its worst monthly performances in recent years.
The sharp decline has broken through the $60,000 threshold, a psychological and technical support level that had held firm for nearly two years.
The breach signals a significant shift in market sentiment, with the asset trading at its lowest point since October 2024.
The sell-off reflects broader risk aversion and a breakdown in long-standing price floors.