Choppy Trading Snaps a Two-Day Slide

Bitcoin oscillated between $58,500 and $60,500 on Friday, snapping a steep 48-hour decline that had shaved nearly $4,500 off its value. According to market data, the digital asset stabilized above $59,000 Thursday afternoon and briefly reclaimed $60,000 before a sudden sell-off triggered an intraday low of $58,326.

Within two hours, bitcoin crossed $60,000 again, only to retreat just below the threshold. Following a brief period of consolidation, a sudden rally pushed the asset to an intraday high of nearly $60,600, though the gains vanished by 9:20 a.m. A similar pattern played out shortly after, with bitcoin making a run toward $60,500 before pulling back to approximately $60,000 at publication…