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 levels, but downward pressure persists.
66% in the session, dragging the total crypto market cap lower and signaling that risk appetite remains fragile.
The asset has retreated below the $60,000 threshold, trading at $59,934 as broader market sentiment cools amid renewed concerns over US inflation.
The leading cryptocurrency fell 2.66% in the session, dragging the total crypto market cap lower and signaling that risk appetite remains fragile.
The recent price action reflects a broader shift in investor positioning, with macro headwinds overshadowing sector-specific catalysts.
While some traders view the dip as a buying opportunity near historical support zones, the lack of immediate upside momentum suggests caution among institutional participants.