Bitcoin Battles to Hold $60,000 as Forward Industries Weighs Major Solana Sale

The rally in AI-related stocks has cooled as investors take profits, putting broader risk assets under pressure and weighing on cryptocurrencies. Bitcoin’s $60,000 level is seen as a key line of defense for market confidence and leveraged positions. The decline in SOL has also exposed companies that built digital-asset treasuries around the token to substantial paper losses.

As of July 19, 2026, Forward Industries had transferred about $31.87 million worth of SOL to Coinbase, prompting speculation that it could sell or rebalance its holdings. The company’s SOL treasury had accumulated more than $1.1 billion in paper losses. Over the same period, Bitcoin was at risk of falling to $60,000, while bullish momentum in Zcash was also weakening.