Bitcoin has fallen below the critical $60,000 threshold, marking its lowest level in 20 months and triggering a sharp repricing across the cryptocurrency sector.
The digital asset is now trading at its weakest point since October 2024, breaking a support level that had held firm for nearly two years.
The sell-off has intensified pressure on Strategy, the US-based firm led by Michael Saylor that holds nearly 850,000 Bitcoin.
As one of the largest corporate holders of the cryptocurrency, Strategy’s equity is closely tied to the underlying asset’s performance.
The company’s shares have declined in tandem with the broader crypto market, reflecting investor anxiety over the breach of key technical levels.
This move follows a broader-based sell-off in global technology stocks, which has spilled over into digital assets.