The broader cryptocurrency market is facing relentless selling, pushing Bitcoin (BTC) down to $58,000 on Friday and liquidating over $1 billion in 24 hours. Worldcoin (WLD) and Pepe (PEPE) have emerged as the biggest losers over the same period, as bearish grip tightens on retail sentiment.

CoinMarketCap’s Fear and Greed Index at 14 on Friday continues to drift lower, signaling a clear risk-off mandate among investors. 

Crypto market hits the panic button

Bitcoin’s slip below the $60,000 mark signals a structural bearish shift across the crypto market, with extended downside risks. CoinGlass data shows around $1 billion in total liquidations over the last 24 hours, primarily driven by $806…