Bitcoin falls below $60,000.

Photo: CNBC

Bitcoin's price fell below $60,000/BTC during trading on June 30th in the US, ending June with its worst performance since 2022. Since the beginning of 2026, the world's largest cryptocurrency has lost approximately 33% of its value, while the S&P 500 index has still risen by more than 9%. Bitcoin is projected to have fallen by more than 19% in June alone.

This cryptocurrency continues to plummet after falling from its all-time high set in October 2025. Increased selling pressure and a wave of liquidations of leveraged positions have caused the price to drop sharply, even though the market has not yet seen large-scale bankruptcies like in previous cycles.

According to analysts, Strategy's decision to raise over $1 billion to increase its cash reserves instead of continuing to buy bitcoin has helped alleviate concerns about liquidity in the market.

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Ed Engel, an expert at Compass Point, noted that this current downturn is different because it hasn't seen any major breakdowns related to financial leverage or fraud. Much of the delevering process is still occurring within the decentralized finance (DeFi) sector and hasn't spread to the entire cryptocurrency industry.

In addition, expectations that the US Federal Reserve (Fed) will continue to maintain a high interest rate policy are also putting pressure on risky assets, including bitcoin.

Bloomberg data shows that spot bitcoin ETFs in the US saw outflows of more than $4.1 billion in June 2026, marking the strongest monthly outflow since these funds began operating in early 2024.

David Grider, an expert at Finality Capital Partners, believes that Bitcoin may not have bottomed out yet and the market is likely to stabilize only around September or October. According to him, the scenario of Bitcoin falling to the $40,000-$45,000/BTC range is still entirely possible.

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