NEW YORK / Content Syndication Services / — Bitcoin briefly fell below $60,000 on Friday, crossing that level for the first time since October 2024, as selling extended across major digital assets. Market data showed the token reached an intraday low near $59,200 before moving back above $60,000. The decline took bitcoin to its weakest level in more than 19 months.
Bitcoin has fallen sharply in 2026 after reaching record highs in late 2025. The latest move left the world’s largest cryptocurrency down about one-third for the year. The drop also erased a large part of the rally that followed broader political and regulatory support for digital assets in 2024 and 2025.
The selloff spread to crypto-linked equities and investment products. Coinbase Global shares fell with the wider sector, while bitcoin mining stocks also traded lower. U.S. spot bitcoin exchange-traded funds recorded several days of net outflows during the recent decline, according to fund flow data. The iShares Bitcoin Trust was among the funds affected by withdrawals.
ETF outflows add pressure
Strategy disclosed in a U.S. Securities and Exchange Commission filing that it sold 32 bitcoin between May 26 and May 31. The company received about $2.5 million from the sale, at an average net price of $77,135 per bitcoin. The filing said the proceeds would support distributions on preferred stock.
The sale represented a very small part of the company’s bitcoin holdings. Strategy reported that it still held 843,706 bitcoin as of May 31. The company said those holdings had an average purchase price of $75,699. The disclosure stood out because the firm has long ranked among the largest corporate holders of bitcoin.
Crypto stocks decline
Bitcoin’s fall came during a wider retreat in crypto markets. Ether, Solana and other large tokens also traded lower during the week. Market data showed heavier selling in digital assets than in major U.S. stock indexes. The move reduced the total value of the crypto market and lowered trading levels across several tokens.
The latest decline places bitcoin back near levels last seen before its late 2024 breakout. The asset remained above its 2024 lows but far below the peak reached in 2025. Trading stayed active after the drop below $60,000, with prices moving around that threshold as investors tracked fund flows, corporate disclosures and broader market data.