Singapore
News Desk | Markets
Bitcoin price movements stabilized on Friday following a steep multi-day selloff that pushed the world’s largest cryptocurrency close to the $60,000 level, reflecting broader risk-averse sentiment across global financial markets and the unwinding of leveraged trading positions, according to market data and analyst commentary. The asset was last seen trading in the mid-$60,000 range after recovering modestly from recent session lows.
The recent downturn erased much of the momentum generated during a late-2025 rally that had carried bitcoin to record territory, returning prices to levels last observed more than a year earlier. Analysts cited forced liquidations, weakness in technology shares, and shifting investor preference toward safer assets as key drivers behind the rapid decline.
Intraday trading showed continued volatility, with bitcoin briefly dropping near the $60,000 threshold before rebounding several percentage points as buyers re-entered the market. Despite the recovery, the cryptocurrency remains significantly below its previous peak, underscoring persistent uncertainty in digital-asset markets.
The broader selloff has also affected publicly traded companies and investment funds with significant bitcoin exposure, some of which reported balance-sheet pressure or share-price declines tied to the falling bitcoin price. Market strategists said the growing integration between crypto assets and traditional financial systems has amplified the impact of macroeconomic shifts.
Regulatory scrutiny in several major economies, combined with fading speculative demand and tighter financial conditions, has further weighed on sentiment. Investors are now watching whether bitcoin price levels can maintain support above recent lows as volatility continues across risk assets.
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