Bitcoin Drops Below $60K as Jobs Data, Zcash Bug Rattle Markets

Bitcoin continued its recent dive on Friday, falling below the $60,000 mark for the first time since 2024. The leading cryptocurrency by market cap was recently trading at $59,909, down about 6% on the day and 18.5% over the last week. Other top coins took similar hits amid a broader market decline, with Ethereum down 23% on the week at a recent price of $1,555 and Solana falling 22% in the last seven days to $63.75. Bitcoin has now fallen more than 52% from its all-time high mark of $126,080 set last October. Growing ETF outflows and Strategy's first Bitcoin sale since 2022 had been pegged as key reasons for the earlier-week losses. The