Bitcoin price tumbles below $60,000 to 20-month low as tech rout, rate fears rattle crypto market: What lies ahead?
Bitcoin price, June 26 -- Bitcoin slipped below the crucial $60,000 mark this week, extending its recent losses as a broad sell-off in global technology stocks spilled over into cryptocurrencies. The world's largest digital asset briefly fell to around $59,000-its lowest level in nearly 20 months-triggering fresh concerns over the health of the crypto market and prompting investors to reassess risk across asset classes.
The decline marked the first breach of the psychologically important $60,000 level in almost two years. During today's session, Bitcoin fell as much as 3% to around $59,000, its weakest level since October 2024.
The latest correction has added to an already difficult year for digital assets. Bitcoin has fallen 32% in 202...
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