Bitcoin closed below the $60,000 mark for the first time since Q3 2024, continuing its recent downward trend. This decline follows a significant sell-off in Asian stock markets, particularly in the technology sector.
According to CoinTelegraph, Bitcoin's sub-$60,000 close coincides with tech stocks entering a deep bear market, highlighting the growing risk aversion among investors. The cryptocurrency's movement appears closely linked to broader tech sector weakness across Asia.
For Japanese investors, this development adds pressure on risk assets as the tech sector remains a key driver of market sentiment and portfolio performance in the region.