Bitcoin has cracked the psychological $60,000 floor, and the entire crypto market is drowning in red. After spending most of the day clinging to support, BTC broke down hard in the afternoon session and is now changing hands around $59,462 — a level not seen in months.

If you’re wondering what’s behind this crypto crash, you’re not alone. Let’s break down exactly what happened and why everything is falling apart at once.

Bitcoin Price Today: What Happened to Bitcoin?

The intraday damage is brutal. Bitcoin opened the day holding firm near the $62,651 previous close, even pushing toward $62,800 in the early hours. Then came the breakdown.

Looking at the chart, the real bleeding started around 15:00 UTC. After one…