Bitcoin breaks below $60,000 as weekly slide hits 18%, steepest since 2022

On 5 June 2026 at 19:25, Bitcoin fell under $60,000, trading at $59,880 at the time of writing after an 18% weekly decline. The move left BTC near the next Fibonacci level at $57,904, while the weekly RSI sank to the low-32 range and sellers remained active over the past 24 hours. An update said BTC quickly rebounded above $60,000 and was consolidating around $60,900.