Economy Events Local 2026-02-14T13:20:33+00:00

Bitcoin Loses Ground Amid Low Risk Appetite

Bitcoin struggled to maintain upward momentum last week despite a short-term rally. The cryptocurrency fell to a support level near $60,000, marking a fourth consecutive week of losses for the first time in months.


Bitcoin Loses Ground Amid Low Risk Appetite

Risk appetite was low last week amid an extended decline in technology stocks. Recent gains helped to trim a large portion of the cryptocurrency's weekly losses, which struggled to maintain a sustainable upward momentum after its recovery from previous lows, falling towards a support level near $60,000. The world's largest cryptocurrency was trading up 3.9% at $68,806 on Saturday, after dipping to near $65,000 earlier in the day. Bitcoin marked a fourth week of losses for the first time since November 2025, despite rising from Friday, ending a four-day losing streak.