Bitcoin Breaks Below $60,000 to Weakest Level Since October 2024

Bitcoin fell below $60,000 on Friday after dropping nearly 20% over the past week. The cryptocurrency is down more than 52% from its October peak above $126,000. Michael Saylor's Strategy has turned seller, while spot bitcoin ETFs have faced persistent outflows. A hot labor market report and stubborn inflation pushed markets to price the Federal Reserve's next move as a rate hike.
BTC-3.15%
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