Bitcoin fell below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and down nearly 7% on the week, according to data from CoinDesk, as a quarter of sales neared their final days.
Altcoins once again led the way downwards. Ether fell 9.5% on the week to about $1,567, dogecoin fell 11.7% to $0.073, Hyperliquid’s HYPE lost 10.6%, and XRP fell 8.7% to $1.04. Solana held up best at $70, down 3.5%, and tron was the most resilient, down 1.5%.
The market has spent the week riding on the relative stability of bitcoin while everything riskier fell faster.
The weekend marks the end of a weak first half, with only two days remaining. Bitcoin is on track to end the second quarter down about 12%, after a roughly 22% drop in the first, according to data from Coinglass. Ether has fared worse, falling about 25% in the second quarter after a 29% drop in the first quarter.
