Bitcoin crashes below $60K first time in almost 2 years: buy, hold, or exit – What investors should do now?
Bitcoin fell below $60,000 for the first time since October 2024, extending its reversal from market darling after the reelection of US President Donald Trump to a casualty of a rapidly changing speculative landscape.
The largest cryptocurrency slumped as much as 7% to $59,101 on Friday in New York trading hours. Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House. Here’s a look at why Bitcoin is dropping in the current market environment—and what investors should do now.
