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Bitcoin drops under $60k
Bitcoin’s price dropped below $60,000 for the first time since late 2024, extending a weeklong decline driven by a selloff following an announcement from the major institutional holder, Michael Saylor’s Strategy, to sell 32 Bitcoins. The cryptocurrency fell 18% over the past week, erasing more than half of its all-time high of $126,186 set in October 2025. The total value of the global crypto market decreased by approximately $600 billion since May, mainly impacted by Bitcoin’s decline.
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