Bitcoin continued its decline this week, recently trading at $60,600—approximately 12.6% below the $69,400 closing price on November 5, 2024, the day of the U.S. election. It briefly dipped below $60,000 for the first time since 2024, marking a nearly 52% drop from its all-time high of $126,100. Following Trump’s re-election in 2024, Bitcoin rose above $75,000 and reached approximately $109,000 in January 2025; after hitting a peak of $126,100 in October 2025, it fell from above $121,000 to $106,000 amid $19 billion in crypto market liquidations. In January 2026, Bitcoin ETFs experienced over $1.5 billion in net outflows. Michael Saylor’s Strategy 5 sold 32 Bitcoin in late May, equivalent to approximately $2.5 million; Trump stated he would not let the crypto industry down, the GENIUS Act has been signed into law, and the Clarity Act remains pending legislative approval. (Decrypt)
Bitcoin Falls Below $60,000, 52% Below All-Time High
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Summary
Bitcoin’s price today fell below $60,000 for the first time since 2024, trading at $60,600—a 12.6% decline from its November 5, 2024, closing price of $69,400. The current price is now 52% below its all-time high of $126,100. Bitcoin price prediction models have shown mixed signals following peaks of $75,000 in late 2024 and $109,000 in January 2025. A $19 billion liquidation event in October 2025 drove the price down to $106,000. Bitcoin ETFs experienced over $15 billion in outflows in January 2026. Michael Saylor’s firm sold 32 Bitcoin in late May.
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