Bitcoin falls below 60000, a 52% drop from historical highs

Bitcoin continued to decline this week, recently trading at $60600, which is about 12.6% lower than its closing price of $69400 on November 5, 2024, the US election day. It briefly fell below $60000 for the first time since 2024, dropping nearly 52% from its historical high of $126100. After Trump's re-election in 2024, Bitcoin rose above $75000 and reached approximately $109000 in January 2025; After reaching a high of $126100 in October 2025, it fell from above $121000 to $106000 in the cryptocurrency market's $19 billion settlement. In January 2026, Bitcoin ETFs experienced a net outflow of over $1.5 billion. Michael Saylor's Strategy sold 32 bitcoins at the end of May for approximately $2.5 million; Trump said he will not disappoint the cryptocurrency industry, the GENIUS Act has been signed into law, and the Clarity Act has not yet completed the legislative process. （Decrypt）