Bitcoin Falls to $59,966, Lowest Since September 2024, as Nasdaq Declines

BTC-2.43%
According to CoinMarketCap, Bitcoin fell 1.49% to $59,966 on June 26, marking its lowest level since September 2024, approximately 1 year 9 months ago. BTC touched a low of $58,121 during the session. The decline coincided with weakness in U.S. equities, as the Nasdaq index fell 0.46% on June 25, while the S&P 500 declined 0.01% and the Dow Jones Industrial Average rose 0.14%. Additionally, concerns over Strategy's (MSTR) ability to sustain its Bitcoin purchasing program weighed on sentiment, as the company's stock fell over 9% and its preferred shares (STRC) hit all-time lows.
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