Bitcoin (BTC) extended its steep decline on Friday, falling to its lowest level since October 2024.

The fall came as a combination of selling pressure, weak market demand, and shifting macroeconomic expectations drove another wave of losses across the cryptocurrency market.

The world’s largest cryptocurrency fell 5% to $60,750, after earlier touching $59,764.90.

The move leaves Bitcoin down roughly 17% for the week and more than 52% below its all-time high of about $126,000 reached in October 2025.

The weakness spread across crypto-linked equities. Shares of Coinbase, Circle, and Strategy each fell about 8% on Friday, while Strategy was down roughly 25% for the week.

Strategy sale and ETF outflows weigh on sentiment

The selloff began after…