Bitcoin slipped below $60,000 over the weekend, trading near $59,940 on Sunday. The price was down 0.6% over the past 24 hours and almost 7% for the week, according to CoinDesk data, as quarterly selling pressure intensified.
Altcoins again drove the downturn. Ether declined 9.5% weekly to around $1,567; Dogecoin dropped 11.7% to $0.073; Hyperliquid’s HYPE fell 10.6%; and XRP slid 8.7% to $1.04. Solana showed relative strength at $70, down 3.5%, while Tron was the most resilient, losing just 1.5%.
The market spent the week relying on Bitcoin’s comparative stability, while higher‑risk assets faced steeper declines.
The weekend signals the close of a weak first half, with just two trading days remaining. Bitcoin is positioned to finish the second quarter roughly 12% lower, following a 22% drop in Q1, per Coinglass data. Ether’s performance has been even steeper, falling about 25% in Q2 after a 29% retreat in the first quarter.
