Bitcoin fell below $60,000 on Monday, June 8 – reaching as low as $59,099, according to market data. The decline represents a drop of more than 50% from the cryptocurrency’s all-time high near $126,000 reached in October 2025. But John D’Agostino, Coinbase’s head of institutional strategy, said in an interview on CNBC’s “Squawk Box” that institutional investors view the pullback as an accumulation opportunity rather than a reason to panic. “I just got off a plane from the Middle East, and I can tell you that the family offices in the UAE [United Arab Emirates] and the government and sovereign…
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