Bitcoin's price plummeted below $60,000 for the first time since October 2024 on Friday, as market risk-off sentiment and a surprise sell-off by corporate holder Strategy contributed to the decline.
The digital currency experienced a 6% drop in value, reaching $59,770.90 before recovering slightly later in the session.
This significant downturn marks a return to levels not seen since October 2024, when the cryptocurrency's price was at its peak.