Bitcoin Drops to Lowest Level Since October 2024 Amid Growing Selling Pressure

Bitcoin fell below the key $60,000 level today, reaching its weakest price since October 2024 as multiple market pressures weighed on investor sentiment. $Btc dropped to around $59,800 and has lost nearly 21% over the past week.

The decline has extended Bitcoin’s losses to more than 52% from its October 2025 peak above $126,000, highlighting the depth of the current market correction.

Strategy Sale and ETF Outflows Add Pressure

One of the biggest factors behind the decline has been a shift from Strategy, historically Bitcoin’s largest corporate buyer. The company recently became a seller, raising concerns about weakening institutional demand.

At the same time, US spot Bitcoin ETFs have experienced persistent outflows as investors moved capital away from crypto and into fast-growing artificial intelligence related investments and technology stocks.

Fed Policy Concerns Weigh on Risk Assets

Stronger than expected US labor market data and stubborn inflation have also changed expectations for Federal Reserve policy. Markets that previously expected interest rate cuts are now increasingly pricing in the possibility of future rate hikes.

Higher rates typically reduce appetite for risk assets, putting additional pressure on Bitcoin and the broader crypto market. Concerns surrounding AI-driven security risks in crypto networks have further weakened confidence, adding to the recent selloff.