Bitcoin bounced off its lowest level in nearly two years Wednesday, as soft U.S. economic data and noncommittal comments from the Federal Reserve chair gave respite to a battered market. The largest cryptocurrency fell to an intraday low of $57,779, its weakest print since September 2024, before rebounding 2.8% to around $60,000, according to CoinGecko data. Even after the bounce, it sits roughly 52% below the record near $126,000 it set in October 2025.