Bitcoin under $60,000 on track for a rare back-to-back quarterly loss

Share This Post

Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data, as a quarter of selling neared its final days.

The altcoins again led the way down. Ether fell 9.5% on the week to about $1,567, dogecoin dropped 11.7% to $0.073, Hyperliquid’s HYPE lost 10.6% and XRP slid 8.7% to $1.04. Solana held up better at $70, off 3.5%, and tron was the most resilient, down 1.5%.

The market has spent the week leaning on bitcoin’s relative steadiness while everything riskier fell faster.

The weekend marks the end of a weak first half, with just two days to go. Bitcoin is on track to finish the second quarter down about 12%, after a roughly 22% drop in the first, according to data from Coinglass. Ether has fared worse, down about 25% in the second quarter following a 29% first-quarter fall.

Related Posts

Base Suffers Second Chain Halt in 24 Hours, Complicating B20 Activation Window

Base stalled block production for a second time in...

Grayscale’s Pandl Says Strategy’s $3B Bitcoin Sale Could Restore Confidence

Zach Pandl, head of research at Grayscale, said he...

Bitcoin UTXO Signal Points to Bear Market Bottom

Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that...

Tokenized Asset Value Stalls Even as Stock Token Holders Surge

Distributed tokenized real-world asset value slipped about 1.4% over...

Grant Cardone will keep buying bitcoin using real estate cash flows

Grant Cardone, CEO of Cardone Capital, used this week's...