Bitcoin Falls Below Key Technical Level as Crypto Sell-Off Deepens

Bitcoin extended its decline, falling more than 2% to around $61,000, as risk-off sentiment spread across global financial markets.

The cryptocurrency is now trading at its lowest level in several months.

According to market reports, Bitcoin has dropped below its 200-day moving average, a widely watched technical indicator that is often used to assess long-term trend direction.

Analysts typically view sustained moves below this level as a sign of weakening momentum.

The cryptocurrency is now trading at its lowest level in several months, down more than 14% over the past week and approximately 21% over the past month, reflecting increased volatility across digital assets.

Bitcoin had previously reached an all-time high near $125,000 in October 2025, during a strong bull cycle before entering a corrective phase.