Bitcoin, the leading cryptocurrency, fell below $60,000 during trading to hit its lowest level in about 20 months before partially recovering its losses and rebounding. The market's volatility has expanded further as the $60,000 level, considered a psychological support line, briefly collapsed.

According to the global cryptocurrency price site CoinMarketCap on the 25th, Bitcoin dropped to as low as $59,208 during trading, causing investor sentiment to shrink rapidly. This is less than half of the all-time high of $126,272 recorded in October 2025. Afterward, with an influx of bargain hunting, Bitcoin pulled its price up to around $60,811. However, it continues to fluctuate around the $60,000 mark, searching for future direction.

The market attributes the expanded volatility across the broader cryptocurrency market to the recent simultaneous emergence of risk-off sentiment toward risky assets and profit-taking sell-offs. In particular, the dominant analysis is that the liquidation of leveraged positions and the contraction of investor sentiment amplified the short-term decline. Bitcoin led a bull market last year, setting new all-time highs, but subsequently entered a correction phase as buying momentum slowed and macroeconomic uncertainty expanded.

Investors are currently watching whether Bitcoin can recover the $60,000 level as a key inflection point to gauge the short-term trend. The key variables that will determine Bitcoin's future movements are cited as the direction of U.S. monetary policy, global investor sentiment, and the flow of institutional capital. There are also forecasts that the market's high price volatility may persist in the short term.

[This article was written with the assistance of AI. This article does not constitute investment advice, and any losses resulting from cryptocurrency investments are the responsibility of the investor.]