Bitcoin plunged below $60,000 for the first time since October 2024, extending losses in what has become its worst week since November 2022. Sentiment deteriorated further into extreme fear, signaling rising market anxiety heading into the weekend.

Bitcoin dropped towards $65,000 on Wednesday as crypto markets face a wave of ETF outflows, more than $1 billion in liquidations, and worsening fear sentiment.

Bitcoin traded near $63,000 on Thursday as cryptocurrency markets extended their decline amid more than $1 billion in liquidations, worsening fear sentiment.