Bitcoin recovers after falling to $59,227
Bitcoin fell as low as $59,227 overnight before recovering to above $61,000 in Saturday Asian trading.
The drop followed a strong U.S. jobs report that spurred markets to price in higher-for-longer interest rates.
Crypto markets saw heavy leverage washouts with about $1.6 billion in positions liquidated over 24 hours, as major tokens like ether and solana posted steep weekly losses.