Bitcoin slips under $60K as $650M liquidations and risk-off sentiment hit crypto and stocks

Bitcoin fell below $60,000 on Wednesday, as crypto liquidations topped $650 million, alongside broader selling in crypto-related equities. Market coverage also pegged bitcoin near $60,000 amid a decline across the broader crypto complex ^{[1] [2]}.

Several reports linked the drop to a wider risk-off tone affecting both crypto and traditional assets, including a tech selloff tied to concerns around AI stocks and pressure from expectations of tighter financial conditions. Separate commentary also pointed to a hawkish shift in rate expectations and traders preparing for choppier conditions in coming sessions ^{[2] [3] [4]}.

Sentiment indicators cited in market commentary remained subdued, with the Crypto Fear & Greed Index reported in “Extreme Fear” territory and bitcoin hovering near the $60,000 support level. Another account described a simultaneous selloff across major asset classes, with investors focusing on the broad pullback rather than crypto-specific drivers ^{[3] [5]}.

Bitcoin’s move below $60,000 came amid large liquidation flows and a broader decline across risk assets, with coverage highlighting macro-rate expectations and a tech-led selloff as key context ^{[1] [2] [4]}.