Bitcoin drops below 200‑week average as gold steadies and crypto whales see losses

Bitcoin fell below its 200‑week moving average, trading around $60,000 and threatening a longer‑term bearish shift. The price held just above the 61.8 % Fibonacci retracement level, while analysts note that a sustained recovery above the average is needed for a trend reversal.

Gold prices defended the $4,000 zone on Friday, stabilising after a dip to a seven‑month low as the U.S. dollar eased following PCE inflation data. The dollar slipped modestly against the euro and Swiss franc, with expectations for further Fed rate hikes easing slightly.

In the cryptocurrency market, Ethereum whales entered unrealised loss territory for the first time in seven years, with large holders losing between 5 % and 26 % of value. XRP tested a support level near $1.04, with chart analysts suggesting a possible rebound toward $1.20‑$2.00 if the pattern holds. These movements reflect broader market volatility across major assets.