Crypto Market Blood Bath; Bitcoin Falls Near $60,000

The sell-off in the cryptocurrency markets accelerated on Friday, with the flagship token Bitcoin falling to $60,074, its lowest level since October 2024. The decline was equally strong across the altcoin market, with Ethereum (ETH) falling below $1,800, while XRP, Solana (SOL), and BNB plunged more than 13%.

Notably, crypto markets have remained under pressure since October of last year, when Bitcoin reached its peak and has subsequently declined.

Bitcoin is currently under pressure from lacklustre US jobs statistics, AI-sector fears, and increased selling, but long-term investors may see an opportunity.

Despite the instability, long-term investors might see the current period as a buying opportunity. He suggests a systematic, staggered accumulation strategy, pointing out that $55,500 remains a significant support level for Bitcoin, while $70,000 represents imminent resistance.

The decline in digital assets mirrored the larger sell-off in global equity markets. Wall Street’s major indices sank dramatically overnight, with heavyweight technology stocks under pressure. The tech-heavy Nasdaq fell to its lowest level since November, weighed down by drops in Microsoft, Amazon, and other mega-cap stocks. Sentiment fell further after Alphabet announced plans to raise capital expenditure on artificial intelligence in the face of rising competition. The S&P 500 dropped 1.23%, the Nasdaq plummeted 1.59%, and the Dow Jones Industrial Average fell 1.20%

In Asia-Pacific, South Korea’s Kospi fell as much as 5% in early trading on Friday before recovering to finish 3.86% lower. Japan’s Nikkei 225 declined 1.22%, while Australia’s S&P/ASX 200 fell 1.61%.

Bitcoin and Ethereum continue to trade downward after falling to $60,074 and bouncing off those levels. At last check, the world’s largest cryptocurrency was trading at $64,693, down 10%, with a 24-hour trading volume of $19.98 billion, according to CoinMarketCap. Over the last 24 hours, Bitcoin has fluctuated between $60,074 and $72,678.

The digital asset is now more than 48% lower than its all-time high of $126,198 achieved on October 7, 2025, according to CoinMarketCap data. Bitcoin has the highest overall market capitalisation of any cryptocurrency, at $1.29 trillion.

Contracts on Polymarket, a decentralised prediction site popular among crypto-native speculators, previously indicated an 82% chance that Bitcoin will fall to $65,000 this year. The article also stated that some traders were betting on larger losses. Bitcoin’s chances of finishing below $55,000 have increased to roughly 60%, while the likelihood of a comeback to $100,000 has decreased to 54% from 80% at the start of the year. 

Altcoin prices were also under pressure on Friday. UNUS SED LEO (LEO), Monero (XMR), Optimism (OP), OFFICIAL TRUMP (TRUMP), Jupiter (JUP), Zcash (ZEC), Sui (SUI), NEAR Protocol (NEAR), Aave (AAVE), World Liberty Financial (WLFI), Bonk (BONK), Virtuals Protocol (VIRTUAL), Uniswap (UNI), Filecoin (FIL), Aptos (APT), Mantle (MNT), Pepe (PEPE), Bitcoin Cash (BCH), Pudgy Penguins (PENGU), Artificial Superintelligence Alliance (FET), Ondo

A select few tokens, however, defied the trend. MYX Finance (MYX), Decred (DCR), Hyperliquid (HYPE), MemeCore (M), and AINFT (NFT) all saw rises of up to10%.

The future of investing is here!
Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!

The post Crypto Market Blood Bath; Bitcoin Falls Near $60,000 appeared first on Equitypandit.