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Updated 1h ago
· 15 sources tracked
Bitcoin crashes, but odds turn darker as MSTR, APLD lead crypto-stocks bloodbath
Bitcoin has fallen below $60,000, reaching its lowest level since October 2024. This crash triggered a broader sell-off in crypto-related stocks, specifically impacting MicroStrategy and Applied Digital. Ethereum, XRP, and Dogecoin also declined during the market downturn.
What changed
Bitcoin hit a 20-month low and fell below $60,000, sparking a crash in linked equities.
Live updates
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Bitcoin Drops Below $60,000 as Crypto-Linked Stocks Plunge
confidence 90%Bitcoin has fallen below $60,000, reaching its lowest level since October 2024. This crash triggered a broader sell-off in crypto-related stocks, specifically impacting MicroStrategy and Applied Digital. Ethereum, XRP, and Dogecoin also declined during the market downturn.
What's confirmed:
- Bitcoin has fallen below $60,000.
- Bitcoin reached its lowest price level since October 2024.
- MicroStrategy and Applied Digital led a significant sell-off of crypto-related stocks.
- The Bitcoin crash dragged down prices for Ethereum, XRP, and Dogecoin.
Still unconfirmed:
- Bitcoin's price fell to around $61,500, which is more than 50% down from its October 2025 peak.
- Strategy shares dropped below $100.
- ETF outflows, Mt. Gox movements, geopolitical tension, and a Bitcoin sale by Strategy drove the price drop into the mid-$67,000s.
- Shorts are targeting Strategy (MSTR) and its variable-rate preferred stock STRC.