{"id":10186,"date":"2026-06-25T07:02:40","date_gmt":"2026-06-25T07:02:40","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10186"},"modified":"2026-06-25T07:02:40","modified_gmt":"2026-06-25T07:02:40","slug":"bitcoin-falls-below-60k-as-tech-selloff-deepens-crypto-bear-market","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10186","title":{"rendered":"Bitcoin Falls Below $60K as Tech Selloff Deepens Crypto Bear Market"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_4ed8b7085ae5c332680e9df682603af5\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bitcoin dropped below US$60,000 for the third time this year, sliding to about US$59,000, its lowest level since October 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A second day of selling in chip and AI stocks dragged risk assets lower, while Bitcoin exchange-traded funds headed for a seventh straight week of net outflows.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Steady institutional buying, including fresh purchases by Strategy and Strive, has limited losses relative to previous crypto bear markets.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Bitcoin (BTC) fell below US$60,000 (AU$87,000) on Wednesday, sliding to around US$59,000 (AU$85,550) and marking its lowest level since October 2024, as a deepening selloff in technology stocks pulled risk assets lower for a second straight day.<\/p>\n<p>The drop, roughly 5% on the day, was the third time BTC has traded under US$60,000 (AU$87,000) this year. The decline tracked renewed weakness in chip and artificial-intelligence shares, with capital rotating out of crypto and into AI stocks, initial public offerings and prediction markets.\u00a0<\/p>\n<figure class=\"wp-block-image size-full variant-no-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1190\" height=\"515\" alt=\"\" class=\"wp-image-134115 lazyload\" sizes=\"(max-width: 1190px) 100vw, 1190px\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/06\/25163114\/image-3.png\" srcset=\"https:\/\/cdn.cryptonews.com.au\/2026\/06\/25163114\/image-3.png 1190w, https:\/\/cdn.cryptonews.com.au\/2026\/06\/25163114\/image-3-768x332.png 768w\" data-eio-rwidth=\"1190\" data-eio-rheight=\"515\"\/><img decoding=\"async\" width=\"1190\" height=\"515\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/06\/25163114\/image-3.png\" alt=\"\" class=\"wp-image-134115\" srcset=\"https:\/\/cdn.cryptonews.com.au\/2026\/06\/25163114\/image-3.png 1190w, https:\/\/cdn.cryptonews.com.au\/2026\/06\/25163114\/image-3-768x332.png 768w\" sizes=\"(max-width: 1190px) 100vw, 1190px\" data-eio=\"l\"\/><figcaption class=\"wp-element-caption\">Source: Tradingview<\/figcaption><\/figure>\n<p><strong>Related: Euro Trading Makes Up Just 1% of Binance Volume as MiCA Licensing Pressure Mounts<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-outflows-pressure-the-market\">Outflows Pressure the Market<\/h2>\n<p>The selling extended a sustained retreat from crypto investment products. Bitcoin exchange-traded funds saw about US$182 million (AU$263.9 million) exit this week and are on track for a seventh consecutive week of net outflows. Total assets held in the funds have fallen to roughly US$77.5 billion (AU$112.4 billion), down from about US$113 billion (AU$163.9 billion) at the end of last year.<\/p>\n<p>The pattern points to fading near-term conviction among the institutions that drove much of Bitcoin\u2019s earlier rally, even as the asset\u2019s long-term holders have largely stayed put. With the funds shedding assets week after week, a steady source of demand that had supported prices through earlier dips has thinned, leaving the market more exposed to swings in broader risk sentiment.<\/p>\n<p>Even amid the slide, Strategy purchased 520 BTC for about US$35 million (AU$50.75 million) this week, while Strive Asset Management added 759 BTC at an average price near US$65,850 (AU$95,500).<\/p>\n<p>Analysts note that Bitcoin has proved less volatile than in past bear markets, citing an investor base that is now larger, more liquid and less dominated by retail traders.\u00a0<\/p>\n<p><strong>Related: Pudgy Penguins Waddles Into Target, Pushing NFT Brand Further Into Retail<\/strong><\/p>\n<\/p><\/div>\n<p>Bear Market,Bitcoin#Bitcoin #Falls #60K #Tech #Selloff #Deepens #Crypto #Bear #Market1782370960<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin dropped below US$60,000 for the third time this year, sliding to about US$59,000, its lowest level since October 2024. A second day of selling in chip and AI stocks dragged risk assets lower, while Bitcoin exchange-traded funds headed for a seventh straight week of net outflows. Steady institutional buying, including fresh purchases by Strategy<\/p>\n","protected":false},"author":1,"featured_media":10187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2253,192,91,62,483,1805,43,958,2574],"class_list":["post-10186","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-60k","tag-bear","tag-bitcoin","tag-crypto","tag-deepens","tag-falls","tag-market","tag-selloff","tag-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Falls Below $60K as Tech Selloff Deepens Crypto Bear Market - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10186\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Falls Below $60K as Tech Selloff Deepens Crypto Bear Market\" \/>\n<meta property=\"og:description\" content=\"Bitcoin dropped below US$60,000 for the third time this year, sliding to about US$59,000, its lowest level since October 2024. 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