Bitcoin has dropped more than 10% within 24 hours, hitting its lowest price since October 2024 and nearing a critical support range of $58,000 to $60,000 defined by its 200-day moving average. This sharp decline marks its largest single-day drop since the 2022 FTX crisis and coincides with broader sell-offs in precious metals and U.S. stocks due to thin liquidity. Analysts remain cautious as there is no clear sign of a market bottom yet, potentially signaling further volatility ahead.

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