According to market data, Bitcoin (BTC) has slipped below the psychologically important $60,000 level, posting a 5.92% loss in the past 24 hours. The decline reflects heightened selling pressure during the session, pushing the largest cryptocurrency by market cap to test lower support zones.
The $60,000 mark had previously acted as a critical battleground between bulls and bears, and its breach suggests that short-term bearish momentum is not yet exhausted. As of writing, Bitcoin is trading around $59,000, with market participants turning cautious and closely monitoring whether this level can be reclaimed or if further downside is in store.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.