Bitcoin hovers near $62,000 with $60,000 in focus as Zcash slides on bug fears

Bitcoin is trading just over $62,000 after falling nearly 16% from above $74,000 last week, with $60,000 seen as the next key test and $55,000 cited as the next support if that level breaks. Zcash dropped as much as 37% in a sharp one-day move after Shielded Labs disclosed a critical Orchard pool vulnerability, while Arthur Hayes said he sold his entire ZEC position following the exploit report.