Bitcoin has slipped below the critical $60,000 threshold, marking the first time the cryptocurrency has traded at this level since October 2024.
The breakdown confirms a sustained loss of momentum in the digital asset market, erasing a support level that had held firm for nearly two years.
The move represents a significant technical failure, with the asset sliding more than 4% in a single session as buyers failed to defend the key level.
The price action extends a sharp downturn that began earlier in the month.
On June 25, the asset dipped toward $59,700, shattering the psychological floor and triggering further selling pressure.
The move represents a significant technical failure, with the asset sliding more than 4% in a single session as buyers failed to defend the key level.
This deterioration sets June on course to become Bitcoin's worst monthly performance since June 2022, a period marked by severe market stress and the collapse of major crypto lenders.