In the latest market rout, the flagship cryptocurrency Bitcoin dropped more than 4 per cent to $US59,548 in the early hours of Thursday, before recovering throughout the day’s trading session.

This was the third time this year that Bitcoin had fallen below $US60,000, largely due to a number of economic headwinds hitting the sector and the hot money moving towards AI stocks.

Since October 2025 the market cap of crypto currencies in total have plunged an insane $US2.3 trillion, according to industry newsletter The Kobeissi Letter/

IG market analyst Tony Sycamore told NewsWire says Bitcoin alone has halved since reaching a record high eight…