23:00 - 5.06.2026

---

June 5, Fineko/abc.az. Bitcoin fell by nearly 6% on Friday, dropping to $59,770 and sliding below the critical $60,000 threshold for the first time since October 2024.

ABC.AZ reports that the largest cryptocurrency continues to depreciate under the pressure of shifting speculative market conditions, moving significantly away from the historic peaks achieved last year.

Losing More Than Half Its Peak Value:

• All-Time High: In October of last year, Bitcoin hit an all-time high, surging past $126,000. Following the latest market correction, the digital asset has erased more than half of its total value.

• Fading "Trump Factor": Bitcoin's price has now dropped below the levels seen during Donald Trump's return to the White House, despite his administration's highly publicized pro-crypto stance.