BTC price update: Bitcoin reclaims $61,000 after dipping below $60,000 in an AI-led rout
Bitcoin briefly fell below $60,000 overnight after a strong U.S. jobs report triggered a broad selloff in stocks, bonds, and crypto, then rebounded to around $61,000, down about 1.3% on the day. The low was about $59,227, but buyers pushed it back above a closely watched support level. The move came after bitcoin had been weakening all week amid record ETF outflows and Strategy’s first bitcoin sale since 2022, which removed key sources of demand. The macro shock was bigger than crypto: markets sharply repriced the Federal Reserve outlook, Treasury yields rose, the dollar strengthened, and the Nasdaq 100 had its worst drop since April 2025. Crypto markets remain under pressure. Ether, solana, XRP, dogecoin, and BNB are all sharply lower for the week. Heavy liquidations hit leveraged traders, with about $1.6 billion wiped out in 24 hours, including $534 million in bitcoin and $423 million in ether. The key question is whether bitcoin can hold $60,000 on another test.
