The move was still relatively calm compared with last week’s wild swings, when Bitcoin on Thursday plunged to $60,033, its lowest since October 2024, before rallying back above $70,000 on Friday. “Crypto markets have stabilized” but “the market is still uncertain that the worst is over,” said Caroline Mauron, co-founder of Orbit Markets. Extreme volatility is nothing new to cryptocurrencies, but Bitcoin’s slump from a peak of $126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging institutional adoption.