I write about how bitcoin, crypto and blockchain can change the world. The bitcoin price has dropped toward $60,000 per bitcoin, down more than 50% since hitting an all-time high of $126,000 in October last year,

Bitcoin fell back below $60,000 on June 5, deepening a sell-off that picked up pace after a surprise disclosure from Strategy about a partial sale of its Bitcoin holdings earlier

“The AI trade is sucking the blood out of crypto,” one analyst notes.

This post was originally published on June 02 Bitcoin, which has struggled amid a surprise BlackRock sell-off, has dropped under the closely-watched $70,000 per bitcoin level. Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market The bitcoin price collapse,

By Amanda Cooper LONDON, June 5 (Reuters) - Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency.

Peter Brandt's Friday rule resurfaces as Bitcoin slips further.

More than $5.3 billion in leveraged long positions, or bullish bets on higher prices, have been liquidated across crypto derivatives markets since Monday, according to CoinGlass data. Friday alone accounted for roughly $1.4 billion of the damage as bitcoin (BTC) plunged below $60,000 and altcoins suffered even steeper losses.

Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House.

Bitcoin is under strong selling pressure, falling over 17% in a week and dropping below USD 60,000. The decline was intensified by USD 532 million in long liquidations on Binance.

Michael Saylor built Strategy Inc. around a straightforward idea: raise money to buy Bitcoin, then never sell it. Over time, that simple bet has turned far more complicated.

Bitcoin plunged over 15% in a week, erasing post‑election gains and hitting younger crypto investors hardest.