Bitcoin Crashes to $60K: Extreme Fear Grips Crypto Markets

Bitcoin has experienced one of its worst weeks since the FTX collapse, briefly touching $60,000 before recovering to around $66,500. We examine the historic selloff that erased $2.6 billion in leveraged positions, sent the Fear and Greed Index to extreme lows not seen in over three years, and triggered record investor losses. From corporate treasury losses at MicroStrategy and BitMine to unprecedented ETF outflows and the surprising resilience of XRP amid institutional migration, we cover the key developments shaping this volatile market. Plus, regulatory tensions escalate as Treasury Secretary Bessent calls out crypto opponents, while prediction markets show growing skepticism about the recovery timeline.