Bitcoin falls below $60,000, on track for a rare back-to-back quarterly loss

The token is down nearly 7% on the week with the altcoins falling harder. Bitcoin and ether are both ending the second quarter in the red, a back-to-back losing first half that runs against the usual pattern.

Melinda 1 hour ago 3 minutes read

Bitcoin falls below $60,000, on track for a rare back-to-back quarterly loss

The token is down nearly 7% on the week with the altcoins falling harder. Bitcoin and ether are both ending the second quarter in the red, a back-to-back losing first half that runs against the usual pattern.

By Shaurya Malwa

Jun 28, 2026, 7:10 a.m.

2 min read

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Summary

Bitcoin slipped below $60,000 over the weekend and is poised to end a weak first half of the year with a roughly 12 percent drop in the second quarter after a 22 percent decline in the first.
Major altcoins have fallen even more sharply, with ether down about 25 percent this quarter and other tokens such as dogecoin, HYPE and XRP posting double-digit weekly losses while tron and solana proved relatively more resilient.
The back-to-back losing quarters, driven by outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve and a strong dollar, break from bitcoin’s historically strong second-quarter performance and leave traders watching whether the weakness persists into the third quarter.