Bitcoin Falls 53% From Peak and Drops Below $60,000
Bitcoin fell below $60,000 during intraday trading, dropping approximately 5% to around $59,000. The selloff pushes the cryptocurrency down 53% from its peak reached in October 2025, marking its lowest level since September 2024. The decline wiped out roughly $68 billion from its market capitalization and triggered over $480 million in liquidations across leveraged long positions. The total cryptocurrency market capitalization also fell below $2.2 trillion as risk aversion intensified across digital assets.
The downturn extends to Strategy, formerly MicroStrategy, which saw its publicly traded shares drop below $100 for the first time since March 2024. The company, which holds 847,363 BTC, fell more than 81% from its all-time high, trading at valuations not seen since early 2024. Its Bitcoin-backed preferred share class, STRC, hit a new all-time low of $80.50. Because Strategy acquired its holdings at an average cost of approximately $75,651 per coin, the cryptocurrency's price slide translates to over $11 billion in unrealized losses. The sharp depreciation has reignited concerns about pressure on the company's capital structure and potential forced sales to meet dividend obligations.
From the sources (25 posts)
@saylorRT @phongle: I bought $1 million of $STRC today. Will hold it until it reaches par, likely longer.
@coinmarketcapLATEST: 💰 Strategy CEO Phong Le says he bought $1M worth of STRC and plans to hold it at least until it reaches par.
@cointelegraph🔥 JUST IN: Strategy CEO Phong Le says he purchased $1 million worth of STRC and plans to hold it until it reaches par value.
@laurashin1/ Strategy's STRC Bitcoin-backed preferred stock can't seem to find its way back to its par value of $100. A Bitcoin rebound surprisingly did not help. Strategy's move to bi-monthly dividend payment cycle has not helped and neither has th
@laurashinI sat down with @ColeMacro of @Strive after he called last week the most difficult in digital credit's history. 📉 He argues the STRC drop was a leverage liquidation, not a broken model. I pushed him on whether the critics of Strategy are
@saylorRT @ColeMacro: I was on @BloombergTV today discussing the problem Digital Credit is built to solve. Even with recent volatility, $SATA is…
@saylorDigital Credit is income for investors who believe in Bitcoin. $STRC
@bulltheoryioBREAKING: Michael Saylor's $MSTR hit $103 yesterday, a new 23 month low. It is now down -81% from its all time high and has wiped out $153 billion from its market cap. Strategy holds 847,363 Bitcoin worth $53 billion at current prices. Th
@deitaoneBITCOIN DROP COULD PRESSURE STRATEGY Strategy’s $53 billion Bitcoin holdings currently cover its financing costs, but a deeper Bitcoin decline could make funding more difficult. Analysts estimate that if Bitcoin falls to $30,000, Strategy
@laurashinRT @laurashin: 1/ Strategy's STRC Bitcoin-backed preferred stock can't seem to find its way back to its par value of $100. A Bitcoin rebou…
@degeneratenewsBREAKING: $MSTR (@Strategy) DROPS BELOW $100
@bulltheoryioBREAKING: $STRC just crashed to $84. Despite constant dilution of $MSTR shareholders, STRC isn't going anywhere near its $100 peak and just keeps sliding lower. This means one of two things. 1. Either the market expects Saylor to sell a
@wublockchainStrategy Shares Fall Below $100 for First Time Since March 2024 According to market data, Strategy (MSTR) fell below $100 and was trading at $99.50, down 4.18% intraday, marking its first drop below $100 since March 2024. Strategy is curre
@thelonginvest$MSTR is now below $100
@bulltheoryioBREAKING: $STRC just crashed to $84. Despite constant dilution of $MSTR shareholders, STRC isn't going anywhere near its $100 peak and just keeps sliding lower. This means one of two things. 1. Either the market expects Saylor to sell a
@theblockcoTHE BLOCK: Strategy’s $MSTR stock has fallen below $100 for the first time since March 2024.
@tftc21Strategy ($MSTR) just fell below $100 for the first time since March 2024. Down more than 80% from its November 2024 peak of ~$474. The company holds 847,363 BTC at an average cost of ~$75,646 per coin. With bitcoin at ~$62,000, that's an
@scottmelkerJUST NOW: $MSTR DROPS BELOW $100
@deitaone$MSTR - STRATEGY FACES GROWING BITCOIN PRESSURE Falling Bitcoin prices are increasing pressure on Strategy’s finances, with its cash reserves shrinking while dividend obligations continue to rise. Analysts warn the company may face tough
@fintechfrankRT @slatersanter: MSTR is trading below $100 for the first time since 2024.
@bitcoinmagazineJUST IN: Bitcoin drops to $59,765 👀
@cointelegraph🚨 JUST IN: Bitcoin has fallen below the $60,000.
@coinmarketcap🚨 $BTC dips below 60K❗
@coingeckoNOW: Bitcoin falls under $60,000.
@coindeskBREAKING: bitcoin:native falls below $60K .