Bitcoin loses $60,000, falls to weakest price since October 2024
Bitcoin has fallen below $60,000 for the first time since October 2024, driven by ETF outflows and a shift in investor interest toward artificial intelligence. Macroeconomic concerns, including potential interest rate hikes, have further pressured the cryptocurrency market.
Why it matters
The decline signals a significant shift in investor risk appetite as capital moves from speculative crypto assets to AI-related stocks.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin loses $60,000, falls to weakest price since October 2024 Several headwinds converged over bitcoin recently as its largest buyer turned seller, ETF investors headed for the exits, and rate-hike fears rose. By Krisztian Sandor | Edited by Stephen Alpher Jun 5, 2026, 3:02 p.m. 1 min read Make preferred on Bitcoin falls to its weakest price since October 2024 (Unsplash+/Getty Images) What to know : Bitcoin fell below $60,000 for the first time since October 2024. It s down nearly 20% just this week following news that the crypto s largest buyer (Strategy) turned seller. ETF outflows, the prospect of interest rate hikes and speculative money focused on the AI trade have added to the pressure on bitcoin. Bitcoin BTC $ 62,300.09 tumbled below $60,000 on Friday, breaking the lows of the early February crypto crash and reaching its weakest level since October 2024.
The article provides a market analysis based on observable financial trends and investor behavior.
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