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.
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.