Bitcoin briefly dipped below $59,000 on Friday as macro pressures dragged down both crypto and Asian equities.
South Korea’s Kospi fell sharply, losing over 8% and triggering a circuit breaker. The sell-off in Asian markets spilled into crypto, pushing BTC to its lowest levels since the recent downturn deepened.
The drop continues a rough stretch for Bitcoin, which has been struggling with ETF outflows, tech stock losses, and broader uncertainty in risk markets. BTC has been hovering near the $60,000 level, a key psychological and technical support zone.
Whether this is a brief dip or the start of a deeper correction depends on how Asian and US markets stabilize over the weekend. For now, the pressure is clearly downward.
