Bitcoin Crashes Near $60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead
Bitcoin has declined 52% from its October 2024 all-time high of $126,000 to near $60,000, erasing $62 billion in value from Bitcoin treasury company stocks. The sell-off has been accelerated by whale activity, including MicroStrategy's first Bitcoin sale in four years, which shattered market confidence in the "never sell" narrative and triggered broader bearish sentiment.





