Bitcoin on the cusp of $60,000 as investors flee risky bets

Bitcoin made a 16-month low and tested key $60,000 support on Friday, as a global selloff in technology stocks deepened and washed out risky bets across asset classes. The world’s largest cryptocurrency was last up 1.64% at $64,153.24 in volatile trade, swinging between gains and losses after having hit a low of $60,008.52 earlier in the session. That marked its weakest since October 2024, a month before Donald Trump won the US presidential election, having signalled his intention to support crypto on the campaign trail. “Bitcoin’s been going down since October (2025), maybe you could ask if it was the canary in the coalmine, or a coincidence,” said Chris Weston, head of research at brokerage Pepperstone in Melbourne.