Bitcoin has slipped below the critical $60,000 support level, trading at $59,570.42 as of June 29, 2026, marking a 5.97% weekly decline and a 0.64% drop over the past 24 hours. The pullback reflects a confluence of institutional selling, weakening derivatives positioning, and deteriorating market sentiment that has pushed the crypto Fear & Greed Index into Extreme Fear territory at 17.