Bitcoin price plunged from $61,000 to $58,000 in a sharp sell-off this morning.

Crypto market liquidations top $700M as bitcoin plunges below $62K. Analysts warn the rejection at $65,500 signals a further drop to $50K.

Bitcoin price has fallen to around $61,500—down more than 50% from its October 2025 peak—dragging crypto-related stocks even lower in the broader market sell-off.