Bitcoin Crashes Below $60,000, Down 53% From All-Time High

Bitcoin fell to $59,566, its lowest since October 2024, as ETF outflows, hawkish Fed signals, and geopolitical inflation fears triggered a broad sell-off. The drop erased 53% from the all-time high of $126,277.

• Bitcoin dropped 10% in 24 hours to $59,566, down 53% from its October 2025 peak of $126,277.
• Spot Bitcoin ETFs saw $113.8 million in outflows on June 23, led by BlackRock's IBIT with $182 million in exits.
• The Fed signaled possible rate hikes as U.S.-Iran tensions pushed oil prices higher, spooking risk assets.
• Strategy (MSTR) sold 32 BTC in late May, breaking its 'never sell' posture, but also bought 520 BTC this week.
• Standard Chartered called $59,000 the cycle bottom and reaffirmed a $100,000 year-end target.

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Last updated 25 Jun 2026