Bitcoin fell below the key $60K support level, dragging Ethereum, XRP and Dogecoin lower as a broader risk-off move tied to weakness in semiconductor stocks hit markets. Analysts warn that failure to reclaim the $59,000–$60,000 zone could lead to deeper downside toward the mid-$50Ks.

Bitcoin slipped to $62,000 as a stronger U.S. dollar and broader risk-off sentiment pressured crypto markets ahead of key inflation data.

A renewed rout in semiconductor stocks pulled risk assets lower again, and crypto kept sliding. Bitcoin is down 5% on the week, with ether and the memecoins falling harder.