Down 50% from peak! Bitcoin price today reclaims $60,000 after worst week since FTX collapse
Bitcoin Price Today: Bitcoin has climbed back above the $60,000 mark after briefly slipping below the key psychological level last week on Friday for the first time since October 2024. However, despite the recovery, the world’s largest cryptocurrency remains under intense pressure after suffering its steepest weekly decline since the collapse of Sam Bankman-Fried’s FTX exchange in 2022.
The decline culminated in a 16% slump over the seven days through Sunday, making it Bitcoin’s worst weekly performance since November 2022, when the FTX bankruptcy triggered a 23% weekly collapse.
