Bitcoin Price Plunges to $60,030 Amid Market Turmoil and Fearful Selling

Bitcoin has fallen to $60,033, erasing all gains since Donald Trump's election. The crash is attributed to leveraged bets and market turbulence, with the cryptocurrency losing half its value in four months. Other tokens, ETFs, and companies holding large amounts of coins have also been affected. The market is experiencing "fear and uncertainty," with a lack of buyers to counter the downtrend. The current situation is reminiscent of the 2022 crash, and the Bitcoin bourse is also feeling the impact, with Coinbase Global's stock down over 30% and Gemini Space Station announcing job cuts and business closures in several countries.