Bitcoin Approaches $60,000, Possibly Marking Largest Single-Day Drop Since FTX Incident

Odaily News Bitcoin fell more than 10% in the past 24 hours, once dropping to $63,000, hitting a new low since October 2024, and may record the largest single-day drop since the FTX incident in 2022. Market selling pressure has spread to precious metals and U.S. stocks, with thin liquidity exacerbating chain liquidations. Analysts point out that the $58,000 to $60,000 range around the 200-day moving average may be a key support level, and there are no clear signs of a bottom yet. (CoinDesk)