MarketPR
Bitcoin ($BTC) dropped back beneath the $60,000 threshold, registering its lowest level since October 2024 as a broad pullback in technology stocks put additional pressure on the cryptocurrency.
The move extends what is now an eight-month bear market — a stretch that has steadily eroded the risk appetite that carried digital assets higher in prior cycles.
Month Eight of a Bear Market The duration of the current drawdown is the headline for institutional allocators.
Eight months into a bear market, $BTC has retraced to levels last seen in October 2024, effectively wiping out more than a year of price progress.
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