Bitcoin Sinks Below $60K, Lowest Since September 2024

Bitcoin fell below $60,000 on Friday, reaching its lowest level since September 2024. The cryptocurrency traded as low as $59,800 before recovering slightly.

The drop extends a decline that has erased gains from earlier this year. Bitcoin is now about 19% below its March record of $73,800. The move came on a Friday, a session when liquidity often thins ahead of the weekend.

No single catalyst stood out for the latest leg lower. The selloff has been building for weeks, with the price sliding from the mid-$70,000s in late March. Friday's break of the $60,000 round number accelerated selling, traders said.

The next support zone is unclear. The last time Bitcoin traded below $60,000 was in September 2024, when it bottomed near $55,000 before rallying. Whether that level holds again depends on whether selling pressure eases over the weekend.

For a full overview of Bitcoin's price history and key metrics, see the Bitcoin (BTC) profile.