Bitcoin cracks $60,000, sinking to lowest level since October 2024
Strategy turned seller as spot bitcoin ETF outflows, higher rate expectations and AI-trade rotation pressured the cryptocurrency market.
- Bitcoin fell below $60,000 on Friday, reaching its weakest level since October 2024. The cryptocurrency has dropped nearly 20% this week and sits more than 52% below its October peak above $126,000.
- Michael Saylor's Strategy, Bitcoin's largest buyer, has turned seller, while persistent ETF outflows and Federal Reserve rate hike expectations have pressured the crypto market.
- Investors are rotating capital from crypto into the artificial intelligence trade, with Dogecoin and Shiba Inu each falling about 9 percent as selling intensified in speculative assets.
- The Nasdaq is lower by more than 2% Friday, reflecting broader market weakness. Privacy-focused Zcash plunged more than 40% overnight following discovery of a critical vulnerability.
- Crypto investors face renewed concerns regarding whether artificial intelligence and quantum computing could expose weaknesses in protocols, adding technical risk to the volatile digital asset sector.
10 Articles
10 Articles
The Korea Times
Insider PaperBitcoin drops below $60,000, a first since October 2024
WASHINGTON — Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump's election, which propelled it to a record high. The currency fell by about 6 percent around 1615 GMT, to $59.7709, before paring its losses slightly. The election of Trump, a staunch advocate of cryptocurrencies, to the White House for a second term in November 2024 sparked a wave of enthusiasm in the sector, sending the price of …
Bitcoin Falls Below $60,000 for First Time Since 2024 Trump Win
Bitcoin fell below $60,000 for the first time since October 2024, extending its reversal from market darling after the reelection of US President Donald Trump to a casualty of a rapidly changing speculative landscape.
Bitcoin Drops More Than 50% From 2025 Peak
Bitcoin extended its sharp decline on Friday, falling below the $60,000 mark and reaching its lowest level since October 2024. According to CNBC, the world's largest cryptocurrency briefly dropped to $59,764 before recovering slightly to trade around $60,450. The selloff leaves Bitcoin down about 17% for the week and more than 50% below its record high of roughly $126,000 reached in October 2025. Crypto-linked stocks also came under pressure, wi…
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