Bitcoin fell to its lowest price of 2026 on Friday, touching $59,100 intraday as over 351,000 traders were liquidated across crypto markets in a single 24-hour window. Bitcoin Falls 19% in 7 Days and Touches $59,100 The move extended a sharp selloff that has taken bitcoin down 19.3% in seven days, 22.
Strategys STRC hit a record low as Bitcoin fell below $60K, pressuring MSTR shares and its preferred stock structure. Strategy's STRC sinks to record low as Bitcoin selloff drags crypto market lower.
Bitcoin bulls are facing another setback after a sluggish recovery attempt last month. The asset dipped below $65k, wiping out billions after testing key support levels.
Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency's latest selloff.
The monthly average of fund inflows from large entities on the Binance exchange platform increased from 1,200 BTC recorded in mid-April to more than 2,800 BTC by early June 2026.
Peter Schiff rejected claims that Strategy's recent 32 BTC sale mainly caused Bitcoin's move below $62,000. He argued the larger issue is years of aggressive accumulation by Strategy and copycat corporate treasury firms.
Bitcoin (BTC) accelerated its decline on Friday, falling to roughly $59,685—the lowest level seen since October 2024, when US voters were preparing for the November presidential elections of that year.
When a geopolitical storm shakes global markets, investors typically flee to safe-haven assets: gold, the US dollar, the Swiss franc, even government debt from stable countries.
Strategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.
Bitcoin price has fallen below $60,000 after a stronger-than-expected U.S. jobs report prompted traders to scale back expectations for Federal Reserve rate cuts and price in a higher probability of policy tightening later this year. According to data from crypto.
Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Stablecoin On The Move Tether's USDT has already climbed to a market capitalization of nearly $188 billion, according to data from DeFiLlama, closing the gap with Ethereum to just under $26 billion.
Bitcoin fell below $60,000 as Mt. Gox began distributing billions of dollars in BTC to creditors, triggering a sharp selloff that dragged the broader crypto market into extreme fear territory.