Bitcoin stayed volatile near local support around $59,000 as weekly crypto losses mounted, even after a strong Micron outlook lifted equities and markets absorbed earlier losses from Asian trading while oil continued to slide.
Bitcoin remained volatile and fell to about $59,000 before buyers emerged, with bulls trying to defend local support as weekly losses across the crypto market deepened. The move contrasted with other risk assets: equities were supported by Micron's strong forward outlook after markets had earlier digested losses from Asia, while oil kept falling. The divergence indicated that digital assets did not participate in the broader risk rebound during the period.