Breaking: Bitcoin slips below $60,000 for the first time since 2024

FXStreetJun 5, 2026 6:44 PM

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Bitcoin price slips below $60,000 on Friday, falling nearly 20% so far this week.
Momentum indicators continue to deteriorate, signaling strengthening bearish pressure and confirming the weakening technical outlook.
Technical levels suggest BTC could test the $53,485 support zone if selling pressure continues.

Bitcoin (BTC) has breached below $60,000 at press time on Friday, recording a 20% crash so far this week. Institutional selling and weak derivatives weigh on Bitcoin’s pullback, deepening downside risks as buyers lose the critical $60,000 support band. Market momentum is extremely bearish, with the path of least resistance targeting the next key support at $53,485.

(This is breaking news and will be updated as the story develops.)

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