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● LIVE Updated 1d ago · 22 sources tracked

Bitcoin crashes, odds turn darker as MSTR, APLD lead crypto-stocks bloodbath

Bitcoin prices have dropped below $60,000, reaching the lowest level since October 2024. This decline triggered a sell-off in crypto-related stocks, with MicroStrategy and Applied Digital leading the losses. Factors contributing to the drop include ETF outflows, Mt. Gox movements, and geopolitical tension.

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What changed

The update adds specific drivers for the crash and identifies MicroStrategy's first Bitcoin sale in years as a factor.

Live updates

  1. Bitcoin Slumps Below $60,000 as Crypto-Linked Stocks Fall

    Bitcoin prices have dropped below $60,000, reaching the lowest level since October 2024. This decline triggered a sell-off in crypto-related stocks, with MicroStrategy and Applied Digital leading the losses. Factors contributing to the drop include ETF outflows, Mt. Gox movements, and geopolitical tension.

    What's confirmed:

    • Bitcoin prices have fallen below $60,000, the lowest point since October 2024.
    • The price drop triggered a sell-off in crypto-linked stocks.
    • MicroStrategy and Applied Digital are among the most affected companies.
    • Strategy shares fell 7.1% in a morning session following a Bitcoin decline.

    Still unconfirmed:

    • Bitcoin's drop was driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy's first BTC sale in years.
    • TD Cowen cut its target for Strategy stock due to Bitcoin weakness.
    • Strategy has unveiled a revamp of its business model during a prolonged crypto winter.
    confidence 90%

  2. Bitcoin Falls Below $60,000 as Crypto Stocks Plunge

    Bitcoin prices have dropped below $60,000, marking the lowest level since October 2024. This crash has triggered a sell-off in crypto-linked stocks. MicroStrategy and Applied Digital are among the most affected companies.

    What's confirmed:

    • Bitcoin has fallen below $60,000.
    • MicroStrategy and Applied Digital are leading a sell-off in crypto-related stocks.
    • Bitcoin has reached its lowest price level since October 2024.

    Still unconfirmed:

    • Bitcoin price has fallen to around $61,500, which is more than 50% down from its October 2025 peak.
    • Strategy shares have dropped below $100.
    • Bitcoin and ethereum opened at their lowest levels in about two weeks on June 24, 2026.
    confidence 90%