Bitcoin Drops Below $60K Amid Tech Selloff
from Bitcoin & Crypto News Today | 2 Min News | The Daily News Now!
Bitcoin slips below $60K for the first time since September 2024, mirroring global tech market jitters as major stocks plunge amid inflation fears and Fed rate concerns. While U.S. equities hold steady, tech giants are down over 50% from highs, signaling a deep bear market. Analysts watch for Bitcoin’s next move, eyeing the $62,243 two-hundred-week moving average and potential bullish chart signals — but uncertainty looms with options expiries and volatile Asian markets adding pressure. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/d8c02ec0064a29f3
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