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Bitcoin falls below $60,000, on track for a rare back-to-back quarterly loss
Bitcoin fell below the $60,000 threshold in late June, contributing to a rare second consecutive quarterly loss. The downturn is linked to ETF outflows, a stronger U.S. dollar, and Federal Reserve policy expectations. Ether also ended the second quarter in the red.
What changed
Bitcoin has slipped under $60,000 for the first time since October 2024.
Live updates
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Bitcoin drops below $60,000 and faces rare back-to-back quarterly loss
confidence 90%Bitcoin fell below the $60,000 threshold in late June, contributing to a rare second consecutive quarterly loss. The downturn is linked to ETF outflows, a stronger U.S. dollar, and Federal Reserve policy expectations. Ether also ended the second quarter in the red.
What's confirmed:
- Bitcoin fell below $60,000 during the final week of June.
- Bitcoin and Ether both ended the second quarter with losses.
- The asset is on track for a rare back-to-back quarterly loss.
- Bitcoin was down nearly 7% on the week.
- ETF outflows and Federal Reserve outlook have weighed on market sentiment.
Still unconfirmed:
- Bitcoin experienced a 50% buzz cut.