Bitcoin under $60,000 on track for a rare back-to-back quarterly loss

Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data, as a quarter of selling neared its final days.

The altcoins again led the way down. Ether fell 9.5% on the week to about $1,567, dogecoin dropped 11.7% to $0.073, Hyperliquid’s HYPE lost 10.6% and XRP slid 8.7% to $1.04. Solana held up better at $70, off 3.5%, and tron was the most resilient, down 1.5%.

The market has spent the week leaning on bitcoin’s relative steadiness while everything riskier fell faster.

The weekend marks the end of a weak first half, with just two days to go. Bitcoin is on track to finish the second quarter down about 12%, after a roughly 22% drop in the first, according to data from Coinglass. Ether has fared worse, down about 25% in the second quarter following a 29% first-quarter fall.