First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Drops Below K Amid Broad Sell-Off in Crypto Markets
Good morning. Here’s what’s happening this morning:Market Moves: Crypto markets are looking weaker as bitcoin falls below $60,000 and ether loses its foothold over $4,000.Technician’s Take: Buyers could defend immediate support around $56,000 into Asian trading hours, albeit briefly given strong overhead resistance on the charts.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $56,630 -5.5%Ether (ETH): $3,964 -6.3%Market movesBitcoin (BTC) was headed for its worst weekly performance since May as the price of the largest cryptocurrency by market value slid below $60,000.The price was around $58,000 at press time, down 11.5%…