Bitcoin Slides to $59,073 as CryptoQuant Flags "Fresh Bear Market Low"

Bitcoin dropped to $59,073 on Friday, marking its lowest level since October 2024 before rebounding toward $60,000. The move followed a strong U.S. jobs report that pushed expectations for higher-for-longer rates and pressured risk assets. CryptoQuant data showed total Bitcoin demand at -501,000 BTC for this cycle, alongside a 16% weekly decline tied to ETF outflows.