Bitcoin plunges below US$60,000 for first time since October 2024 as Strategy offloads its share
AI Summary
Bitcoin fell below $60,000 on June 5, 2026, its lowest level since October 2024, reversing the record surge above $126,000 that followed Donald Trump's election victory. The cryptocurrency is now down more than 50% from its all-time peak, with cryptocurrency fund outflows and market competition cited as contributing factors to the decline.
Moderate: Most outlets report the decline factually as a reversal of the Trump-era rally, treating it as a standard market correction while noting various contributing factors including fund flows and competitive pressures.
Conservative: Little difference. Conservative outlets report the decline similarly with comparable attention to market dynamics and competitive trends from other investment sectors.
WASHINGTON, June 6 — Bitcoin dropped below US$60,000 (RM241,800) on Friday, its lowest level since October 2024, j...