Bitcoin Falls Below $60,000 After $1.3 Trillion Rout as Bottom Hunters Brace for More Pain
Updated
Updated · Bloomberg · Jun 26
Bitcoin Falls Below $60,000 After $1.3 Trillion Rout as Bottom Hunters Brace for More Pain
3 articles · Updated · Bloomberg · Jun 26
Summary
Bitcoin slipped below $60,000, leaving it more than 50% under last year’s record high and deepening fears that the selloff has further to run.
A $1.3 trillion crypto rout has pushed valuations into a range where past crashes eventually found a floor, but veteran investors and analysts say this cycle still does not look ready to bottom.
Previous bear markets took months to form durable lows, with the bleakest sentiment often arriving only after prices had already become superficially attractive.
That pattern is forcing would-be dip buyers to weigh whether the current panic marks opportunity or simply an earlier stage of a longer washout.