Bitcoin fell below $60,000 on 24 June 2026, reaching a 20-month low of $59,125, according to Finnhub. The decline erased gains accumulated during what analysts described as the Trump 2.0 rally period. Finnhub cited broad deleveraging across risk assets, spot Bitcoin ETF outflows, and slowing accumulation from strategic buyers as concurrent pressures. Shifting retail interest toward AI trades and meme stocks, alongside limited crypto use cases, were noted as additional headwinds in analyst commentary reported by Finnhub.
The move in Bitcoin coincided with a broad sell-off across risk assets reported on the same date. Silver declined 7.4%, gold fell 3%, and crude oil dropped 4%, with Finnhub noting a flight toward bonds across markets. The US Dollar Index surged during the same period, with Finnhub identifying the DXY rise as a concurrent pressure on Bitcoin's price.
Bitcoin, the largest cryptocurrency by market capitalisation, fell to $59,125 at its session low, its weakest level in 20 months per Finnhub data. Bloomberg Markets separately reported Bitcoin trading below $60,000 amid institutional buyer headwinds and waning retail participation, noting that large buyers which had previously supported the market had been dormant for approximately two years.
Sources: Finnhub, Bloomberg Markets