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Bitcoin Slips Below $60,000, on Track for Rare Back-to-Back Quarterly Loss

Bitcoin traded around $59,940 on June 28, 2026, down nearly 7% for the week and on track for a 12% second-quarter decline. Ether and several altcoins posted steeper losses as U.S. spot bitcoin ETF outflows continued.

1 source·Jun 28, 3:10 AM(6 hrs ago)·1m read

Bitcoin Slips Below $60,000, on Track for Rare Back-to-Back Quarterly Loss

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Bitcoin slipped below $60,000 over the weekend ending June 28, 2026, trading at approximately $59,940 on Sunday. The token fell 0.6% in the prior 24 hours and nearly 7% for the week, CoinDesk reported. Bitcoin is positioned to close the second quarter down about 12%, following a 22% decline in the first quarter.

Ether traded near $1,567, down 9.5% for the week and about 25% for the quarter after a 29% drop in the first quarter. Dogecoin fell 11.7% to $0.073, Hyperliquid's HYPE token lost 10.6%, and XRP declined 8.7% to $1.04. Solana dropped 3.5% to $70 while Tron limited its loss to 1.5%.

U.S. spot bitcoin ETFs recorded outflows during June. CoinDesk cited those outflows, a hawkish Federal Reserve under new Chair Kevin Warsh, and a U.S. dollar near a seven-month high as factors weighing on prices.

Two consecutive quarterly losses at the start of a year are unusual for bitcoin, which has posted average second-quarter gains over the past decade, according to the report.

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