According to TechFlow market data, Bitcoin (BTC) price fell below the $60,000 mark, recording a 24-hour decline of 5.92%. This pullback pushed BTC out of its recent consolidation range, hitting a new short-term low. $60,000 has been a repeatedly tested key level since February this year, serving both as a psychological and technical support. The breach of this level has drawn widespread market attention, and traders are closely watching whether the price can stabilize below that threshold.
Bitcoin remains the world's largest cryptocurrency by market cap, with a circulating market value of about $1.2 trillion. Its market cap has long accounted for over 40% of the total crypto market, making its price movements highly indicative of overall market trends.