Bitcoin stabilizes near $60,000 after two-day slide, but 30% YTD decline keeps bear market fears alive
By
Terence Zimwara
Summary
Bitcoin experienced choppy trading between $58,500 and $60,500 on Friday, snapping a two-day decline that had erased $4,500 from its value. The cryptocurrency briefly reclaimed $60,000 but faced volatile swings, settling around the $60,000 mark. Despite the short-term stabilization, BTC remains down 30% year-to-date, keeping concerns about a prolonged bear market alive.
Source
Twitter / XBitcoin stabilizes near $60,000 after two-day slide, but 30% YTD decline keeps bear market fears alivenews.bitcoin.comKey quotes
· 3 pulledBitcoin snapped a two-day, $4,500 slide on Friday, experiencing choppy trading between $58,500 and $60,500 before settling around $60,000.
Within two hours, bitcoin crossed $60,000 again, only to retreat just below the threshold.
BTC remains down 30% YTD, keeping concerns about a prolonged bear market alive.
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