Crypto
Thursday, 6/25, 03:30 PM
Bitcoin Falls to $58,000, Its Lowest Since 2024, in a Broad Crypto Sell-Off
- Bitcoin dropped about 5% to roughly $58,000 on June 25 — its weakest level since 2024 and more than 50% below last October's record — as ETF outflows, a rare sale by a major corporate holder and fading hopes for Fed rate cuts hit risk assets.
- Some traders, though, see crowded short bets that could spark a sharp bounce.