Bitcoin Falls Below $60,000 for First Time Since Late 2024 Amid Weeklong Selloff
By
Ty Roush
3h ago· 1 min readenNews
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Summary
Bitcoin fell below $60,000 for the first time since late 2024, extending a weeklong selloff triggered by billionaire Michael Saylor. The cryptocurrency dropped to $59,840 before recovering above $61,000. It is now down more than half from its all-time high.
Key quotes
· 3 pulledThe price of bitcoin fell to a low of $59,840 just after noon on Friday, though the cryptocurrency subsequently recovered losses to rise above $61,000 shortly after 1:15 p.m. EST.
The world's largest cryptocurrency is now down more than half from its all-time high.
A weeklong selloff for bitcoin extended on Friday as the cryptocurrency fell below the $60,000 threshold for the first time since late 2024, after billionaire Michael Saylor sparked a broader decline for the crypto market.
The world’s largest cryptocurrency is now down more than half from its all-time high.
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