New Delhi, June 28 -- Bitcoin futures fell sharply on Thursday, dropping to $58,995 - their lowest level since October 2024. The decline has pushed the cryptocurrency more than 50% below its peak from last year.

The $60,000 mark has remained a crucial battleground for Bitcoin throughout the year. The cryptocurrency found support around that level in February and again during the first half of June before staging a rebound that briefly lifted prices above $67,000.

"Over the last few days, we have seen profit booking across assets that had rallied on geopolitical uncertainty and liquidity expectations. What's interesting is that Bitcoin, gold and oil have all corrected together, which tells us that investors are reducing exposure to the s...