Bitcoin faces cascade below $60,000

Bitcoin is hovering near the $60,000 threshold after a sharp weekly slide, with derivatives data indicating that a decisive break lower could unleash as much as $2.2 billion in forced liquidations across major exchanges. The world’s largest cryptocurrency has retreated from highs above $70,000 reached earlier this quarter, shedding momentum as risk appetite across global markets softens. Trading desks report heightened volatility and thinning order books around [...]The article Bitcoin faces cascade below $60,000 appeared first on Arabian Post.