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Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Bitcoin rebounded from lows near $62,500 in Asian morning hours on Friday, amidst a global asset sell-off entering its third day.

BTC slumped to as low as $62,500 in late U.S. trading hours on Thursday, reversing losses and trading just under $64,000 at 6:30 UTC to trade near its 50-day moving average, which remains a tactical support line for some traders.

 

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