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

Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday — down 0.6% over 24 hours and nearly 7% on the week — as a quarter of selling neared its final days. Major altcoins fell more sharply: ether slid 9.5% on the week to about $1,567, dogecoin dropped 11.7% to $0.073, Hyperliquid's HYPE lost 10.6% and XRP slid 8.7% to $1.04.

Solana held up better at $70, off 3.5%, while tron was the most resilient, down 1.5%. The weekend capped a weak first half. Coinglass data shows bitcoin is set to finish the second quarter down roughly 12% after a roughly 22% decline in the first; ether has fared worse, down about 25% in the second quarter following a 29% first-quarter fall.

Two straight losing quarters to open a year is unusual, having only happened twice in bitcoin's history. The same forces that defined the month have driven the losses: outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve under new Chair Kevin Warsh, and a U.S.

United States

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