Post: Bitcoin under $60,000 on track for a rare back-to-back quarterly loss

Bitcoin under ,000 on track for a rare back-to-back quarterly loss

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Bitcoin fell below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and about 7% on the week, according to CoinDesk data, with a quarter of the sell-off nearing its final days.

Altcoins headed lower again. Ether fell 9.5% on the week to around $1,567, Dogecoin fell 11.7% to $0.073, Hyperliquid’s HYPE fell 10.6% and XRP fell 8.7% to $1.04. Solana was better at $70, down 3.5%, and Tron was the most resilient, down 1.5%.

The market has spent Saturday leaning on Bitcoin’s relative stability while everything else has fallen alarmingly fast.

The weekend marks the end of a weak first half, with just two days remaining. Bitcoin is on track to end the second quarter down about 12 percent, after falling about 22 percent in the first quarter, according to data from Quinglass. Ether performed worse in the second quarter after a 29% decline in the first quarter.