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Bitcoin holds above $60K despite 49% drop and multiple bearish shocks in 2026.

Market News
10 Aug 2026
Bitcoin
View Source
Bearish
Bitcoin holds above $60K despite 49% drop and multiple bearish shocks in 2026.

Bitcoin has fallen about 49% from its October 2025 peak but remains above $60,000, showing resilience amid geopolitical tensions, institutional selling, security breaches, and internal protocol disputes. Unlike previous bear markets that saw losses over 75%, this downturn is relatively mild, supported by deeper liquidity, regulated products, and long-term holders. However, risks remain from potential economic shocks and further institutional withdrawals, which could push prices toward $50,000. The coming months will reveal if $60,000 is a strong floor or just a temporary defense level.

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