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Thailand Business News – “Bitcoin Sees Minor Increase: Will a Dip Below $60,000 Trigger a Slide to the Mid-$50,000s?”

Article Summary:

Bitcoin saw a notable decline in early Asia trading on Friday, dropping as much as 4.8% to $60,033, marking its lowest value since October 2024. This downturn wiped out all gains achieved following President Donald Trump’s 2024 election victory.

Despite the initial plunge, Bitcoin managed to recover slightly, rising over 2% to $64,400 by 9:12 am in Singapore. Current prices for Bitcoin vary among platforms, with values around $64,692.00 on main searches, $64,601 on TradingView, and reaching up to $65,178.14 on Binance.

Other cryptocurrencies, including Solana, also experienced sharp declines before showing signs of recovery. This market fluctuation reflects ongoing volatility in the cryptocurrency landscape, influenced by various factors affecting investor sentiment.

Original Article:

Bitcoin rises slightly, but a drop below $60,000 could push it into the mid-$50,000 range

Bitcoin experienced a significant plunge in early Asia trading on Friday, falling as much as 4.8% to US$60,033, reaching its lowest level since October 2024. This selloff effectively erased all gains booked by the token since United States President Donald Trump’s 2024 election victory.

However, the cryptocurrency later pared some of these losses, rising by over 2% to more than $64,400 by 9:12 am in Singapore.

  • Current Price and Performance (as of Fri Feb 06 2026 11:25:01 GMT+0700):
    • Spot Price: The Bitcoin price against the US Dollar fluctuates slightly across sources, but the most frequently cited values are around 64,692.00 USD (from the main search result) and 64,601 USD (TradingView). Another source mentions $65,178.14 (Binance) and $64,039.06 (Revolut).

Other cryptocurrencies, such as Solana, also saw sharp declines before rebounding. This market downturn is largely…

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