Bitcoin has fallen to $60,000, wiping out the gains made during the so-called Trump 2.0 rally. BTCUSD has tested below $60,000 three times this year.
Sentiment across crypto markets remains weak, but Bitcoin’s latest decline has so far been more contained than the sharp drawdowns seen during previous crypto winters. One reason is the growth in institutional participation.
The pressure is not limited to crypto. Gold is down around 3%, now below $4,000 for the first time since November, while silver has fallen by 7%. Does gold still have potential support around the late-October low near $3,885?
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