Published: June 6, 2026 โข 2:29 AM IST ยท Updated: June 6, 2026 โข 6:12 AM ISTBy TheBriefWire Editorial Team
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In this article BTC.CB= COIN CRCL ASST Follow your favorite stocks CREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Bitcoin extended its losses on Friday, dropping to October 2024 lows to cap an already bruising week for crypto investors.
The flagship cryptocurrency was last lower by 3.4% at $61,514.90. Earlier, it fell to $59,099.25, its lowest level since October 2024. It was off 16% on the week.
The declines began after Strategy, founded by Michael Saylor, sold a small amount of its bitcoin holding.
This weighed on sentiment and forced hundreds of millions of dollars in liquidations that accelerated the downside pressure.
Losses were exacerbated after a stronger-than-expected May jobs report Friday sent Treasury yields higher and pressured risk assets.