Bitcoin has slipped below the $60,000 threshold, breaking a critical support level that had remained intact for nearly two years.
The digital asset is trading at its lowest level since October 2024, marking a significant deterioration in market sentiment.
This breakdown comes as investors grow increasingly cautious about risk, with selling pressure intensifying across the cryptocurrency sector.
The renewed weakness is being driven by growing skepticism regarding the buying capacity of Strategy, formerly MicroStrategy, and its CEO Michael Saylor.
Market participants are questioning whether the company's aggressive accumulation strategy can continue to provide a floor for prices.
Reports from Infomoney indicate that fears of a slowdown in Strategy's purchases are spreading through the crypto community, exacerbating the downward momentum.