Bitcoin falls below $61,000, sheds nearly $18,000 in 10 days

Bitcoin extended its decline, falling below the $61,000 mark as the cryptocurrency continued its sharp correction over the past 10 days.

Bitcoin was trading at $60,841, down $2,974 or 4.66% in the latest session. The world’s largest cryptocurrency has dropped nearly $18,000 in just 10 days, reflecting sustained selling pressure.

The fall marks a steep decline from levels above $78,000–$80,000 seen earlier in the period. Bitcoin has moved lower consistently, with the cryptocurrency slipping through multiple support levels during the recent downturn.

The chart below shows Bitcoin weakening from around the $82,000 zone before accelerating its fall. After trading near the $76,000–$78,000 range for a brief period, the asset saw stronger selling pressure, pushing prices towards the $70,000 and then the $64,000 levels.



The latest move has taken Bitcoin closer to the $60,000 mark, with the cryptocurrency now down sharply from its recent highs.

The decline comes amid increased volatility in digital assets, with Bitcoin witnessing a series of lower highs and lower lows. The recent drop has erased a significant portion of its gains from the previous rally.

For Indian investors tracking Bitcoin prices, the fall also impacts the rupee value of crypto holdings, depending on global dollar movements and exchange rates.

At the current level of $60,841, Bitcoin remains under pressure as traders monitor whether the cryptocurrency can stabilise around the $60,000 zone or see further downside.