Cryptocurrency prices plummet.

VTV.vn - The cryptocurrency market is going through difficult months as the price of Bitcoin and many other major cryptocurrencies have fallen sharply.

According to financial experts, geopolitical tensions, inflationary pressures in the US, and the shift of capital towards artificial intelligence (AI) are creating "headwinds" for the digital asset market.

From around $90,000 at the beginning of January 2026, the price of Bitcoin fell below $60,000 on June 5th, equivalent to a loss of over 33% in just 6 months. This downward trend wasn't limited to the world's largest cryptocurrency but spread across the entire market. During the same period, the top 5 cryptocurrencies by market capitalization all declined by an average of about 40%.

This sharp decline occurred just months after Bitcoin reached its all-time high of $124,546 in October 2025. At that time, many investors expected that the policies seen as cryptocurrency-friendly by US President Donald Trump would usher in a new growth phase for the market.

However, recent geopolitical shifts have rapidly altered investor sentiment. The imposition of new US tariffs on imports, the campaign to arrest Venezuelan President Nicolas Maduro, and especially the current conflict between the US, Israel, and Iran have increased instability in global financial markets.

Thibault Desachy, head of personal wealth management at Coinhouse – a leading French cryptocurrency investment platform – argues that bitcoin is often among the first assets sold off when investors seek to reduce risk. According to him, the cryptocurrency market operates 24 hours a day, 7 days a week, and therefore reacts to economic and geopolitical shocks more quickly than traditional markets.

The dramatic market fluctuations have impacted even prominent investors who support bitcoin.

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Besides geopolitical factors, the US economic situation is also putting pressure on the market. According to data from the US Bureau of Labor Statistics, the cost of living in the country increased by 0.6% in April and by 3.8% compared to the same period last year. This development increases the likelihood that interest rates will continue to remain high, thereby reducing the attractiveness of high-risk assets such as cryptocurrencies.

The volatile market has impacted even prominent bitcoin investors. In early June, Michael Saylor, Chairman and co-founder of Strategy – the world's largest holder of over 843,700 bitcoins – announced he was selling a portion of his digital assets. This move attracted attention because Saylor has long been considered one of bitcoin's strongest supporters and frequently encourages investors to hold the cryptocurrency long-term.

According to Frederik Ducrozet, Director of Strategy and Macroeconomic Research at Pictet Wealth Management, current developments show that bitcoin has not yet fulfilled the role of a safe-haven asset that many people had hoped for.

For many years, cryptocurrency proponents have often referred to Bitcoin as "digital gold," arguing that it can preserve its value during times of crisis. However, the reality is that whenever economic risk increases, the price of Bitcoin often plummets along with other speculative assets.

However, not all experts believe the primary cause stems from geopolitics. Jean Meyer, co-founder and CEO of the fintech company Deblock, argues that the weakening of the cryptocurrency market also reflects a trend of capital shifting to new areas, particularly AI.

According to Meyer, many investors now view AI as a more attractive growth opportunity than cryptocurrencies. While Bitcoin's price has fallen sharply since the beginning of the year, the US technology stock market has performed positively. The Nasdaq-100 index has risen more than 16% in the first five months of the year, driven by a wave of investment in AI businesses.

Investor interest in companies like OpenAI and Anthropic is also contributing to the outflow of capital from the cryptocurrency market. Expectations of public listings by leading AI companies are creating renewed appeal for investment funds and individual investors.

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Another factor frequently mentioned by experts is the withdrawal of institutional investors. According to CoinMarketCap data, the amount of capital withdrawn from cryptocurrency-linked ETFs has exceeded $1 billion per week for several consecutive weeks since mid-May. This signals increasing caution among professional investors.

Nevertheless, many experts still believe that the prospects for market recovery are not entirely closed. Alexandre Baradez, Director of Market Analysis at IG France, believes that a cooling of US inflation along with easing tensions in the Middle East could create conditions for capital to flow back into the cryptocurrency market. In addition, new legislation related to digital assets currently under discussion in the US could also become a driving force supporting the market in the near future.

Source: https://vtv.vn/tien-ma-hoa-lao-doc-100260611092008059.htm