Crypto mayhem continues as Bitcoin tests $60k, Ethereum falls below $1,800 — The Indian Panorama
New Delhi (TIP)- The sell-off in the crypto markets intensified on Friday, Feb 6, with the flagship token Bitcoin plunging to $60,074, its lowest level since October 2024. The downturn was equally pronounced across the altcoin space, with Ethereum (ETH) slipping below the $1,800 mark, while XRP, Solana (SOL) and BNB fell more than 13 percent.
Notably, crypto markets have remained under pressure since October last year, after Bitcoin scaled its peak and has since been on a declining trajectory.
At present, Bitcoin faces near-term pressure amid soft US jobs data, AI-sector concerns, and increased selling, but long-term investors may see opportunity.
“The recent pullback was largely driven by weaker-than-expected US labor data and mounting…
