Bitcoin Breaks Below $60K, Shatters Halving Cycle Amid Yen Collapse

Bitcoin slipped below $60,000 on June 30 as the yen hit a 40-year low of 162.40 per dollar, intensifying macro pressure on risk assets. The breakdown follows days of fragile sentiment marked by $4.37 billion in spot ETF outflows, Strategy’s authorization to monetize up to $3.25 billion in Bitcoin, and the first close below the 200-week moving average since 2023. Despite a brief relief rally to $60,089 after the US-Iran truce, back-to-back red quarters have confirmed a clear departure from historical post-halving patterns, with analysts now eyeing $58,800 support to prevent a slide toward $55,000-$56,000.