Bitcoin price falls below $60,000 as analysts warn of potential cascade toward $54,000-$56,000

Bitcoin and crypto prices have sharply declined, with Bitcoin falling to $60,000. This drop contrasts with rising tech stocks, and analysts warn a sustained break below $60,000 could trigger a 'cascade' to $54,000-$56,000, with Friday's $10.6 billion options expiry a potential price magnet. Meanwhile, Donald Trump's refusal to sign Congress’ bipartisan housing bill, which includes a four-year ban on a central bank digital currency (CBDC), until the Save America Act passes, jeopardizes the bipartisan Clarity Act. This political deadlock creates significant regulatory uncertainty, potentially hindering crypto market recovery and driving institutional capital away from the U.S.