Bitcoin, the most valuable cryptocurrency market-wise, plunged below $61,000 during Saturday’s trading, driven by rising risk aversion across financial markets. This decline coincided with Genesis distributing digital assets to creditors, marking the conclusion of its bankruptcy proceedings. The drop was exacerbated by the U.S. jobs report, which heightened fears of a recession, leading to a fall in stock prices as unemployment rates hit a peak not seen since October 2021. Bitcoin’...
