Bitcoin drops below $60,000, first since October 2024
Bitcoin has fallen below $60,000 for the first time since October 2024. The decline is attributed to a corporate selloff, particularly by prominent holder Strategy, which sold 32 BTC from its reserves. Despite the dip, some analysts suggest it may present a buying opportunity for long-term investors.
- ▪Bitcoin dropped to $59,7709, marking its lowest level since October 2024.
- ▪The decline was influenced by a selloff from corporate holder Strategy, which sold 32 BTC.
- ▪Analysts suggest that long-term investors might see this dip as a buying opportunity.
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A visitor stands near a Bitcoin logo during Blockchain Forum 2026 in Moscow, Russia, April 15. EPA-YonhapWASHINGTON — Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump's election, which propelled it to a record high.The currency fell by about 6 percent around 1615 GMT, to $59.7709, before paring its losses slightly.The election of Trump, a staunch advocate of cryptocurrencies, to the White House for a second term in November 2024 sparked a wave of enthusiasm in the sector, sending the price of bitcoin soaring to nearly $110,000.The current dip has ben caused by factors including one corporate selloff, according to Emma Bernuau, a consultant at Eurosagency.A surprise sale by Strategy one of bitcoin's most prominent corporate holders —…
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