Bitcoin (BTC-USD) rebounded to $70,000 on Friday after prices fell as low as $61,000 following a 13% plunge on Thursday, the steepest one-day drop for the cryptocurrency since the FTX collapse in November 2022. The recovery reversed a wave of intense selling that surged through Thursday night, briefly pushing bitcoin's decline to over 50% since its peak of $126,000 last October. "From a sentiment perspective, comparisons across cycles are always imperfect, but anecdotally there is an outsized sense of fear and fatigue among crypto-native participants," Sean Farrell, head of digital assets at Fundstrat, wrote in a ... (full story)