Bitcoin slides below $60,000 in worst week since November 2022
What's new: US bitcoin ETFs just snapped a 13-day outflow streak after about $4.4 billion left the funds, while Strategy's sale rattled sentiment.
Bitcoin fell below $60,000 on Friday, touching its lowest level since October 2024 and capping its sharpest weekly drop since November 2022. The token was down about 16% for the week after Strategy sold a small portion of its bitcoin holdings, a rare move that helped trigger liquidations and deepen losses across crypto markets. Nearly $4 billion of bullish wagers were wiped out during the sell-off, while bitcoin has now lost more than half its value from its roughly $126,000 record high in October 2025. The slide also came as a stronger-than-expected US jobs report pushed Treasury yields higher and pressured risk assets, even as major tech stocks stayed near records.