Bitcoin reclaims $61,000 after dipping below $60,000

Bitcoin climbed back above $61,000 in Asian trade after briefly slipping under $60,000 overnight, falling as low as $59,227 before buyers stepped in. The token was trading around $61,000, down about 1.3% on the day, after recovering more than $1,500 off the low.

The drop followed a week of pressure as record ETF outflows and Strategy's first bitcoin sale since 2022 removed buyers that had supported the price. The break below the round $60,000 level did not become a deeper breakdown on the initial retest. The selloff began outside crypto: a strong U.S.

nonfarm payrolls report pushed markets to sharply reprice the Federal Reserve outlook, with swaps now fully pricing a rate increase by the end of 2026. Two-year Treasury yields jumped 12 basis points to 4.16%, the dollar rose, and risk assets fell — hitting the AI trade particularly hard as the Nasdaq 100 dropped about 5% and a chipmakers gauge tumbled 10%.

United States, Asia

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