Bitcoin Rebounds After Falling Below $60,000, Hitting Lowest Level in 20 Months [Crypto Briefing]

[Financial News] Bitcoin edged higher on the 25th after falling below the $60,000 mark, as bargain buying emerged.
According to CoinMarketCap, a global digital asset information platform, Bitcoin was trading around the $60,000 level at 10:25 a.m., down 3.25% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 6.05%.
In the Korean won market, Bitcoin is trading around 92 million won. Based on Cryprice, a platform that compares global cryptocurrency market conditions, the Korean premium stood at -1.80%.
At one point during the day, Bitcoin fell to the $59,000 range. It also dropped below $60,000 on the 6th. That marked its lowest level in 20 months, since October 2024.
As expectations grow for expanded investment in the stock market on the back of the artificial intelligence industry boom, the crypto market has continued to lag. Sentiment was further dampened by rising expectations that the Federal Reserve (Fed) could raise interest rates later this year.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 17 on the day, indicating "extreme fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those closer to 100 as "extreme greed."
At the same time, Ethereum was trading around $1,615, down 2.96% from the previous day. Ripple was trading around $1.07, down 2.87%.

yimsh0214@fnnews.com Lim Sang-hyeok Reporter