Bitcoin has slipped below the $60,000 threshold, marking a significant psychological break in the crypto market.
The asset has now lost more than half of its value from the peak of over $126,000 reached last year, according to market data.
Bitcoin has fallen to levels near $59,000 in early trading, pushing it toward multi-month lows.
The move signals deepening weakness in digital assets as investor sentiment turns increasingly cautious.
The breach of the $60,000 level is particularly notable given its historical role as a key support zone.
Bitcoin has fallen to levels near $59,000 in early trading, pushing it toward multi-month lows.
This fresh breach of a key psychological support level for the world’s largest cryptocurrency suggests that selling pressure remains intense.