Bitcoin falls below $60,000, on track for a rare back-to-back quarterly loss - CoinDesk
2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on #se-_R_99qanpfiupanivb_ .document-body > p:first-of-type::first-letter{float:none!important;font-size:inherit!important;line-height:inherit!important;margin-right:0!important;margin-top:0!important;font-weight:inherit!important}SummaryShowBitcoin slipped below $60,000 over the weekend and is poised to end a weak first half of the year with a roughly 12 percent drop in the second quarter after a 22 percent decline in the first.Major altcoins have fallen even more sharply, with ether down about 25 percent this quarter and other tokens such as dogecoin, HYPE and XRP posting double-digit weekly losses while tron and solana proved relatively more resilient.The back-to-back losing quarters, driven by outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve and a strong dollar, break from bitcoin’s historically strong second-quarter performance and leave traders watching whether the weakness persists into the third quarter.Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data, as a quarter of selling neared its final days.