The bitcoin plattered by $60 million, a new low since October 2024.

News from IT House on June 6, CNBC released today (6 June) a blog that reports that Bitcoin continues to fall on Friday, the latest report: $61514.90, a decline of 3.4 per cent in the day.

The drop of $600,000, the lowest touch of $59,099.25 (IT House Note: the current exchange rate is about RMB 401,000), was set at a new low of 16 per cent since October 2024. By week, bitcoin had fallen by 16 per cent this week.

According to the media, the direct trigger for the fall in the current round came from a small bit of bitcoin hold-up by Strategy, founded by Michael Saylor.

The news hit market sentiment and triggered hundreds of millions of dollars of mandatory silos, further exacerbating downward pressure.

As a result, Strategy stock prices fell by 6.9 per cent that day, cumulatively by 24 per cent throughout the week, the worst single week since November 2022.

Policy expectations of cooling have also weakened market confidence in bitcoin. Clarity Act, a coded market structure bill that had been considered a potential catalyst, continued to be delayed due to changes in legislative priorities and increased disagreements among parliamentarians. In the absence of new benefits, Bitcoin is more vulnerable to financial flows and emotional fluctuations.

Advertising statements: The external jump links (including not limited to hyperlinks, 2D codes, passwords, etc.) contained in the text are used to convey more information and save time for selection purposes only for reference purposes, which are included in all IT House articles.