Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin falls below its 2024 election price, losing gains amid ETF outflows and market uncertainty.

Market News
07 Jun 2026
Cointribune
View Source
Bearish
pluang ai news

Bitcoin has dropped below its value on the day of the 2024 US election, trading around $60,619, which is 12.6% lower than its election price and nearly 52% below its all-time high. This decline follows a surge fueled by massive ETF inflows that peaked in early 2025 but have since reversed with significant outflows. Analysts warn that breaking the $60,000 support could lead to further declines toward $55,000, a key historical support level. The market faces pressure from geopolitical tensions, interest rate concerns, and shifting investor focus, signaling a cautious outlook for Bitcoin's near-term performance.

More News (BTC)

Bitcoin steadies near $65,500 as Ethereum breaks $1,900 amid soft inflation and market caution.

Bitcoin steadies near $65,500 as Ethereum breaks $1,900 amid soft inflation and market caution.

Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...

Market News
Neutral
5 hours ago
Bitcoin, Ethereum, and Zcash show strong recovery signs while XRP struggles to break resistance levels.

Bitcoin, Ethereum, and Zcash show strong recovery signs while XRP struggles to break resistance levels.

Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...

Technical Signals
Bullish
7 hours ago
Peter Schiff warns Bitcoin could drop to $20,000, criticizes Strategy's stock sale amid BTC holding risks.

Peter Schiff warns Bitcoin could drop to $20,000, criticizes Strategy's stock sale amid BTC holding risks.

Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...

Market News
Bearish
7 hours ago
SpaceX stock crash drops Elon Musk's net worth below $1 trillion amid market worries.

SpaceX stock crash drops Elon Musk's net worth below $1 trillion amid market worries.

Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...

Market News
Bearish
12 hours ago
Bitcoin dips below $65K as Iran rejects US peace talks amid rising military tensions.

Bitcoin dips below $65K as Iran rejects US peace talks amid rising military tensions.

Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...

Market News
Bearish
12 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App