Bitcoin Drops to $60,000 Level; MicroStrategy Shares Fall 4.18% to $99.50 Today

According to market data, Bitcoin price declined toward the $60,000 mark today (June 24), intensifying pressure on MicroStrategy (MSTR), which holds the world's largest institutional Bitcoin treasury of 847,363 BTC. MSTR shares fell 4.18% to $99.50, dropping below $100 for the first time since March 2024.

Spot Bitcoin ETF outflows have accelerated, with net outflows reaching $2.4 billion in June alone, bringing the six-week cumulative outflow to approximately $6 billion. Deutsche Bank attributed Bitcoin's weakness to shifting Fed rate expectations and increased investor interest in alternative assets including bonds and AI-related equities.