Bitcoin falls below $60,000 to hit lowest level since 2024

The world's largest cryptocurrency, Bitcoin, briefly dipped below $60,000 on Friday, hitting the lowest level since October 2024. It dipped 6% to trade around $59,779.98 and is now down more than 50% from its peak, according to CoinMarketCap. The latest decline started after Michael Saylor's Strategy sold some of its Bitcoin holdings, weighing on investor sentiment.