Bitcoin drops below $60,000, a first since October 2024
Bitcoin has fallen below $60,000 for the first time since October 2024. This decline follows a significant selloff by one of its major corporate holders, Strategy, which sold 32 BTC from its reserves. Experts suggest that long-term investors might see this dip as a potential buying opportunity amid ongoing legislative support for the cryptocurrency sector.
- ▪Bitcoin dropped to $59,7709, marking its lowest level since October 2024.
- ▪The decline was influenced by a selloff from Strategy, a major corporate holder of Bitcoin.
- ▪Experts believe the dip could present a buying opportunity for long-term investors.
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A visitor stands near a Bitcoin logo during Blockchain Forum 2026 in Moscow, Russia, on Apr. 15. The Blockchain Forum is the largest crypto forum and exhibition on Web3, mining, cryptocurrency, and AI. More than 20,000 participants, including founders and top managers of leading global companies, investors, developers, and industry leaders, attend the forum. 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,…
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