Bitcoin on track for a rare second straight quarterly loss

June 28 market data showed Bitcoin briefly slipped below $60,000 over the weekend, down about 7% over the past week. With the second quarter nearing its end, Bitcoin is poised for an estimated 12% quarterly decline after a roughly 22% drop in the first quarter—potentially a rare back-to-back quarterly slide in its history. Altcoins posted larger losses over the same period. Ethereum fell about 9.5% in the past week, Dogecoin dropped 11.7%, HYPE declined 10.6%, XRP fell 8.7%, Solana slid 3.5%, and TRON eased about 1.5%. Analysts attribute the sustained pressure to capital rotating into AI-driven semiconductor and memory chip plays, continued outflows from U.S. spot Bitcoin ETFs, the Federal Reserve's ongoing hawkish stance, and an elevated dollar index. The next key focus is whether ETF flows and demand improve in Q3, shaping expectations for a rebound after the crypto market's weak first half.