Bitcoin slides to $60K before recovering on macro relief from easing Iran tensions and SpaceX debut
By
Shaurya Malwa
8h ago· 2 min readenNews
65/100
Toasty
Bagelometer↗
Not artisan, but a perfectly fine bagel. Hits the spot.
Score65TypenewsSentimentnegative
Summary
Bitcoin experienced its worst weekly performance in months, sliding from ~$73,000 to below $60,000 before recovering to ~$63,500. The drop was triggered partly by Michael Saylor's Strategy (largest corporate BTC holder) making a small sale, raising questions about its never-sell stance. However, easing Iran tensions and a strong SpaceX debut helped risk assets recover. Bitcoin remains roughly 50% below its October 2025 record near $126,000.
Key quotes
· 3 pulledBitcoin nearly broke this week, then macro gave it a way back.
The move pushed bitcoin into a valuation zone usually seen near bear-market bottoms, but it never produced the kind of panic flush that normally confirms one.
A catalyst for the slide came from Michael Saylor's Strategy, the largest corporate bitcoin holder, which dis
A tiny Strategy sale raised a bigger question about Saylor’s never-sell stance, while easing Iran fears and a strong SpaceX debut helped risk assets recover.
