Bitcoin Posts Worst Week Since the 2022 FTX Collapse: Bloomberg

Bitcoin recorded its steepest weekly decline since the 2022 FTX collapse, falling 16% over the seven days through Sunday. The cryptocurrency briefly slipped below $60,000 on Friday, hitting its lowest level since October 2024.

While Bitcoin has since recovered some ground and was trading around $61,087 at the time of reporting, it remains more than 50% below its record high of $126,000 reached last year.

The selloff was partly linked to reports that Strategy Inc. sold a small portion of its Bitcoin holdings, raising questions about the company's long-held strategy of maintaining its entire position.

Source: Bloomberg