Bitcoin Drops Below $60,000 for First Time Since 2024
- Bitcoin fell below $60,000 on Friday, marking its lowest level since October 2024. This decline erases gains from the period following President Donald Trump's 2024 election win, when prices previously soared to nearly $110,000.
- Strategy's surprise sale of 32 BTC rattled confidence, though analysts suggest broader pressure stems from capital shifting toward AI. Investors are prioritizing exposure to Alphabet's planned $80 billion capital raise for Gemini.
- Privacy-Focused altcoin Zcash dropped more than 60% after a researcher using Anthropic's Claude Opus 4.8 model discovered a critical bug. The vulnerability existed for four years, highlighting ongoing security risks within decentralized finance.
- Lawmakers are demanding ethics language regarding $1.4 billion in 2025 profits linked to Trump-affiliated crypto projects as the Clarity Act remains debated in the Senate. Concerns center on World Liberty Financial and related corruption allegations.
- Market sentiment remains cautious, with Forest For The Trees CEO Luke Gromen noting that AI is "sucking all of the oxygen out of the room." Mark Cuban sold his holdings after bitcoin failed to act as "digital gold.
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31 Articles
Bitcoin continued to depreciate on Friday, temporarily falling below the $60,000 threshold and reaching the lowest level in October 2024, on the basis of a combination of factors that affected investors' feelings, CNBC reports.
Bitcoin Crashes Below USD 60,000 for First Time Since October 2024 as Crypto Selloff Deepens | 📲 LatestLY
Bitcoin fell below USD 60,000 for the first time since October 2024, extending a broad reversal that has seen the largest cryptocurrency lose more than half its value from an October peak above USD 126,000. The cryptocurrency slid as much as 7 per cent to USD 59,101, and was trading at USD 59,743.21 apiece early on Saturday. 📲 Bitcoin Crashes Below USD 60,000 for First Time Since October 2024 as Crypto Selloff Deepens.
After peaking at more than $126,000 in 2025, cryptocurrency declined sharply against international tensions, investor disaffection and competition from AI-related values.
After Donald Trump's victory in the U.S. elections, the cryptocurrency reached a record $126,251.31 (R$665,000), before going through a fall sequence.
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