Bitcoin drops to $68,000 as crypto markets extend losses into a fourth straight week.

Bitcoin declined on Monday, deepening its downturn after crypto markets posted four consecutive weeks of heavy losses, as interest-rate uncertainty continued to dampen appetite for riskier assets.

The largest cryptocurrency briefly touched $70,000 over the weekend before retreating. By 00:58 ET (05:58 GMT), Bitcoin was down 2.7% at $68,409.7.

Strategy says liquidation unlikely unless Bitcoin drops to $8,000

Strategy Inc (NASDAQ:MSTR), the biggest corporate holder of Bitcoin, said Sunday it can meet its debt obligations even if Bitcoin tumbles to $8,000. In a social media update, the company stated it could “withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt.”

The firm owns 714,644 Bitcoins, financed through a combination of equity issuance and long-term borrowing. Led by prominent Bitcoin advocate Michael Saylor, Strategy has continued accumulating coins in recent weeks despite the broader market slide.

Bitcoin has now erased about half its value since peaking near $126,000 in October, leading declines across speculative assets as traders grew cautious amid U.S. rate uncertainty.

Extended losses had fueled speculation that Strategy might be forced to sell part of its holdings to service debt, though Saylor has repeatedly downplayed such concerns. Earlier this month, the company reported a $12.4 billion loss for the December quarter, compared with a $670.8 million loss a year earlier. Aside from its substantial Bitcoin position, Strategy generates relatively limited operating revenue.

Crypto prices today: Altcoins mirror Bitcoin’s weakness

Broader digital assets also moved lower Monday in line with Bitcoin’s sustained slump. Ethereum fell 6.1% to $1,958.63, while XRP dropped 7.7% to $1.4575.

BNB declined about 4%, with Solana and Cardano sliding 5.4% and 6.2%, respectively.

Among meme tokens, Dogecoin tumbled 11.4%, while TRUMP slipped 2.4%.

Crypto sentiment has remained fragile since October, as both retail and institutional inflows slowed sharply. Meanwhile, a surge in gold prices amid speculative enthusiasm in precious metals has drawn attention away from Bitcoin, with investors favoring tangible assets.

Sources: Ambar Warrick