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Bitcoin fell below its 200-week moving average, a long-term trend marker while spot prices dropped below $61,000 for the first time since the 2022 bear market low.
The broader selloff has pushed BTC down roughly 17% over seven days and more than 25% from its 30-day range, per CoinGecko data. At the time of publication, BTC traded around $60,839, more than 50% below its all-time high of $126,080, set in October 2025.
The trend break came within hours of a stronger-than-expected US jobs report that pushed markets to reconsider the timing of Federal Reserve rate cuts.
