Bitcoin slid below the $60,000 mark on Thursday, extending its prolonged decline. Investors reassessed the outlook for risk assets amid the Federal Reserve’s increasingly hawkish stance and continued enthusiasm around artificial intelligence-linked investments. The world’s largest cryptocurrency briefly plunged 5% during the US session to around $58,000, its weakest level since 2024. Bitcoin later recovered some of its losses and traded near $59,300, down about 0.2% over the previous 24 hours. The decline spread across the broader digital asset market. Ether fell around 0.8% to roughly $1,560, while Solana and Dogecoin posted similar losses.
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