ByteBrief
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Bitcoin plunged 5% to roughly $58,000, its weakest level since 2024, before recovering to near $59,300. The drop pushed Bitcoin below the Bitcoin Power Law support trendline for the first time in its history. Bitcoin is down 53% from its October 2025 all-time high of $126,198.
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Summary by ByteBrief
Bitcoin falls into Rainbow Chart's 'BTC is dead' zone