Bitcoin makes first sub-$60K close since Q3 2024 as tech stocks enter ‘deep bear market’

Bitcoin closed below $60,000 for the first time since the third quarter of 2024, reflecting a broader downturn in the cryptocurrency market. This decline coincides with a significant sell-off in technology stocks, which have entered what analysts describe as a "deep bear market." Investors are increasingly cautious, grappling with rising interest rates and inflation concerns that have impacted both traditional and digital assets. The convergence of these market trends has led to heightened volatility, prompting many to reassess their investment strategies as they navigate the challenging economic landscape.