Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off

CoinTelegraph·

Bitcoin gets new $54K warning as BTC price hits 11-day low on Asia tech sell-off

60-second summary

Bitcoin's price plummets to an 11-day low, dipping below $62,000 for the first time in nearly two weeks, amidst a 10% Asia market sell-off. Analysts issue a "new lows" warning, suggesting further decline is possible. This sharp drop has investors on high alert, as the crypto market struggles to maintain momentum following the recent downturn.

Bitcoin analysis warned of "new lows" as Asia markets dropped as much as 10% and BTC price action dipped below $62,000 for the first time in nearly two weeks.