Bitcoin Drops Below $60,000, Heading for Consecutive Quarterly Losses

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Bitcoin has fallen below the $60,000 mark, declining nearly 7% over the course of the week. Altcoins have fared even worse, recording steeper losses than Bitcoin during the same period. Both Bitcoin and Ether are closing the second quarter in negative territory, marking a losing first half of the year. This back-to-back quarterly decline is considered unusual, running counter to Bitcoin's typical historical performance patterns.

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