Bitcoin fell below 60,000 dollars on Friday, reaching its lowest level since October 2024 just before Donald Trump’s election victory that drove it to record highs. The price declined roughly 6 percent to 59.7709 dollars around 1615 GMT before recovering modestly. Trump’s November 2024 win as a cryptocurrency supporter had fueled sector optimism and pushed bitcoin near 110,000 dollars. The latest decline stems from a corporate sale, according to consultant Emma Bernuau. Strategy, a major bitcoin holder, disclosed selling 32 BTC from reserves, its first such move in years. Though the quantity was small, the action carried notable symbolic weight and surprised the market, which had assumed the firm would keep accumulating. Bernuau noted long-term holders might treat the drop as a purchase chance and pointed to possible positive developments from upcoming US sector legislation.
