Bitcoin drops below $60,000, first time since October 2024

Author: Henry OduahPublished on: June 5, 2026Country: United States

Business & EconomyTechnology

Bitcoin drops below $60,000, first time since October 2024

Bitcoin dropped below $60,000 on Friday, June 5, 2026, its lowest level since October 2024, prior to Donald Trump's election. The cryptocurrency fell about 6% to $59,770.9 before paring losses. Trump's election, a strong advocate of cryptocurrencies, had driven Bitcoin to nearly $110,000.

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