Bitcoin drops below $60,000, despite Trumps embrace
Bitcoin has fallen below the $60,000 mark for the first time since Donald Trump's reelection in late 2024. This decline comes despite the U.S. government's support for cryptocurrency. At the time of reporting, Bitcoin has slightly rebounded but remains a concern for investors.
- ▪Bitcoin was trading below $60,000 for part of Friday, marking a significant drop.
- ▪This is the first time Bitcoin has fallen below this threshold since late 2024.
- ▪The current value is more than half of Bitcoin's all-time peak from October 2025.
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Home > Tech Bitcoin drops below $60,000, despite Trump's embrace That's not good. By Alex Perry Alex Perry Tech Reporter Alex Perry is a tech reporter at Mashable who primarily covers video games and consumer tech. Alex has spent most of the last decade reviewing games, smartphones, headphones, and laptops, and he doesn’t plan on stopping anytime soon. He is also a Pisces, a cat lover, and a Kansas City sports fan. Alex can be found on Bluesky at yelix.bsky.social. Read Full Bio on June 5, 2026 Share on Facebook Share on Twitter Share on Flipboard Uh oh. Credit: Joao Luiz Bulcao / Hans Lucas / AFP via Getty Images While everyone else was getting ready for the weekend, Bitcoin took a plunge.The popular cryptocurrency was trading below $60,000 for at least part of Friday.
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