#bitcoin Tech News.

Bitcoin trades below $60,000 for first time since Trump's reelection in late 2024. The drop marks more than half of Bitcoin's all-time peak of $126,000 in October 2025. Geopolitical tensions and quantum computing advances are cited as key factors. The decline signals growing investor skepticism amid strong U.S. executive branch support for crypto.

Bitcoin briefly fell below $60,000 on Friday, extending its weekly loss to nearly 20%. A 40%-plus plunge in Zcash occurred after Shielded Labs disclosed a years-old bug that could have allowed undetected counterfeit ZEC creation. Bitcoin is now perfectly correlated with stocks, which were down nearly 4% on Friday. The bug's disclosure has caused market volatility, with some investors describing Bitcoin as 'swallowing broken glass'.

Strategy shares have fallen to a 4-month low. STRC has dipped. Bitcoin has sunk under $60K. The market is experiencing a downturn. The exact cause of the decline is not specified.

Bitcoin drops below $60K, its lowest level since October 2024. The decline follows a record streak of bitcoin ETF outflows. Strategy's bitcoin sale triggered the sell-off. The drop caps a bruising week for crypto investors.

Michael Saylor sold 32 Bitcoins worth $2.5 million from Strategy's holdings, which now total 843,706 Bitcoins worth $51.6 billion. Strategy paid an average price of $63,867 per Bitcoin, higher than its current price. Saylor expects Bitcoin's value to soar to $21 million over two decades, but sold some to fund dividend payments.

Bitcoin bears hold $2.6 billion in short positions as price falls to $61,100. A 21% drop from $63,000 to $61,100 builds bearish leverage. A rally to $66,000 would trigger liquidation of $2.6 billion in shorts. Negative funding rate at -2% shows bears are confident. The potential squeeze could revive buyer confidence after 13 days of ETF outflows.

Bitcoin lost 17% of value in a week, wiping out $200 billion in market cap. Maximalists attribute the drop to capital flowing into AI, citing record outflows from U.S. spot bitcoin ETFs and surging AI equities. The asset remains below $60,000, down 27% monthly and over 50% from its Oct. 6 peak. Advocates see the downturn as a potential accumulation zone if network fundamentals hold.

Strategy stock fell 28% this week after the company broke its own rules and sold some Bitcoin to finance dividend payments. The company traded in line with lower Bitcoin prices, which has fallen to $59,000. Strategy has around 4% of the world's Bitcoin on its balance sheet, valued at approximately $51.3 billion. The company has unrealized losses of around $10 billion on its Bitcoin holdings.