I write about how bitcoin, crypto and blockchain can change the world. The bitcoin price has dropped toward $60,000 per bitcoin, down more than 50% since hitting an all-time high of $126,000 in October last year,

Bitcoin plunged over 15% in a week, erasing post‑election gains and hitting younger crypto investors hardest.

The weeklong sell-off was exacerbated after a stronger-than-expected May jobs report Friday sent yields higher and pressured risk assets.

Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House.

Peter Brandt's Friday rule resurfaces as Bitcoin slips further.

“The AI trade is sucking the blood out of crypto,” one analyst notes.

By Amanda Cooper LONDON, June 5 (Reuters) - Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency.

The warning comes as crypto bleeds out.