Bitcoin has fallen below the $60,000 mark, reaching its lowest level since October 2024. The cryptocurrency has declined nearly 20% over the past week and has lost over 52% since its peak above $126,000 in October. The downturn is attributed to several factors, including Michael Saylor's Strategy turning from a major buyer to a seller, and persistent outflows from spot Bitcoin ETFs as investors shift focus to artificial intelligence stocks. The broader market sentiment has been affected by elevated inflation and a strong labor market report, leading to expectations of a Federal Reserve rate hike. This has dampened risk appetite, with U.S. stocks losing momentum and the Nasdaq dropping over 2% on Friday. Additionally, concerns about the impact of artificial intelligence and quantum computing on crypto protocols have intensified, highlighted by a 40% plunge in Zcash following the discovery of a critical vulnerability.