Bitcoin falls below $60,000, on track for a rare back-to-back quarterly loss
CoinDesk 2026-06-28 07:10:52
Context: Bitcoin's value has dropped below $60,000, contributing to a rare instance where the cryptocurrency is on track to experience back-to-back quarterly losses. This downturn is notable as it deviates from the typical pattern observed in the cryptocurrency market. The decline is part of a broader trend affecting not just Bitcoin, but also altcoins, which have seen even steeper falls.
Key Facts
- Bitcoin's value has decreased by nearly 7% over the week, with a significant drop below the $60,000 mark.
- The current performance of Bitcoin and Ether indicates that both are ending the second quarter in the red, marking a consecutive losing half that is unusual for the cryptocurrency market.
- The downturn affects not just Bitcoin but also altcoins, which have experienced even sharper declines in value.
- This trend is rare because typically, Bitcoin and other cryptocurrencies do not experience back-to-back quarterly losses, making the current situation noteworthy.
- The decline in Bitcoin and Ether's value signifies a deviation from the usual pattern observed in the cryptocurrency market, where gains are more common.